Investors in Vistra Corp (NYSE: VST) gained access today to new options contracts set to expire in December 2028. Notably, a put option at the $140.00 strike price has a current bid of $35.10, committing sellers to buy shares at that price. This would effectively reduce the cost basis to $104.90 per share, presenting a potential opportunity, considering the current trading price of $145.11, which reflects a 4% premium.
Conversely, a call option at the $185.00 strike price is currently bid at $38.00. If investors purchase shares at the current price and sell this call as a covered call, they could see a total return of 53.68% if the stock is called away at expiration. The $185.00 strike represents a 27% premium to the current share price, and analysts indicate a 41% chance the call option will expire worthless.
Both contracts highlight significant implied volatility, with the put at 54% and the call at 56%. The trailing twelve-month volatility is calculated at 49%.
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