Investors in Deckers Outdoor Corp. (Symbol: DECK) encountered new options trading today, effective for expiration on August 14th. A notable put contract at a $94.00 strike price carries a current bid of $2.45, suggesting that if an investor sells-to-open this contract, they would effectively lower their cost basis to $91.55 per share, providing an approximate 8% discount from the current trading price of $102.45.
On the call side, a $104.00 strike price contract is available with a bid of $5.10. If an investor were to sell this covered call while holding DECK shares, they could achieve a total return of 6.49%, provided the stock is called away by expiration. Current data indicates a 48% chance that this call contract may expire worthless, allowing investors to retain both their shares and the premium.
Implied volatility for both put and call contracts stands at approximately 51%, while the actual trailing twelve-month volatility is calculated at 45%.
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