Investors eyeing Dayforce Inc (Symbol: DAY) might consider selling puts as a strategy given the current market price of $69.19 per share. A notable option is the January 2027 put with a $50 strike price, currently bid at 5 cents, which offers a 0.1% return on the $50 commitment, equating to a 0.1% annualized rate of return.
Should Dayforce’s shares decline by 27.8%, the put contract could be exercised, resulting in a net cost basis of $49.95 per share after subtracting the premium. Currently, Dayforce’s trailing twelve-month volatility stands at 40%, based on the last 250 trading days, further influencing the risk-reward calculation for this put option.
For more options and strategies related to Dayforce, investors can consult the DAY Stock Options page.
