Investors in Deckers Outdoor Corp. (DECK) gained access to new options today, expiring on November 6. A noteworthy put contract at the $78.00 strike has a current bid of $2.85, allowing investors to potentially reduce their cost basis to $75.15 per share. This represents about a 1% discount from the current trading price of $78.60, with a 56% chance that the contract may expire worthless.
Additionally, a call contract at the $80.00 strike price is available with a bid of $3.10. If an investor sells this covered call while owning shares, they could achieve a total return of 5.73% assuming the stock gets called away at expiration. This contract is approximately 2% above the current price, with a 49% probability of also expiring worthless.
Current implied volatility for the put is 50% and for the call is 51%. The trailing twelve-month volatility is calculated at 45% based on the last 251 trading days.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
