Investors in Expand Energy Corp (EXE) witnessed the launch of new options trading for December 2027, with 492 days until expiration. The notable put contract at a $95.00 strike price has a current bid of $9.50, potentially allowing investors to lower their cost basis to $85.50 per share, compared to the current market price of $97.58. This put option carries a 62% chance of expiring worthless, providing a potential 10% return on committed cash, or 7.42% annualized.
Additionally, a call contract at a $100.00 strike price has a bid of $11.00. Selling this call would yield a total return of 13.75% if the stock is called away. This rate remains contingent on share performance, with a 47% chance of the contract expiring worthless, which would offer an 11.27% boost to returns, or 8.36% annualized.
The implied volatility for the put contract is 31%, while the call contract’s volatility stands at 32%. The actual trailing twelve-month volatility, based on recent stock performance, is estimated at 31%.
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