Investors in Virtu Financial Inc. Class A (VIRT) gained access to new options today, expiring in December 2026. A notable put option, with a strike price of $32.00, has a current bid of $1.70. Selling this put would effectively reduce the cost basis of acquiring shares to $30.30, representing a 4% discount compared to the current trading price of $33.26. Current data indicates a 62% chance of this put expiring worthless, potentially delivering a 5.31% return on cash commitment.
Simultaneously, a call option at the $35.00 strike price is available for $1.95. If an investor buys at the current share price of $33.26 and sells this call as a covered call, they would commit to selling at $35.00, realizing an 11.09% return if exercised. However, there is a 49% chance this contract may also expire worthless, allowing the investor to retain both shares and premium collected, resulting in a potential YieldBoost of 5.86%. The implied volatility for the put is 32% and for the call is 33%, while the actual trailing twelve-month volatility is calculated at 31%.
