New Options for Arcellx Inc: Insights on June 20th Expiration

Investors in Arcellx Inc (Symbol: ACLX) have new options available today, set to expire on June 20th. With 100 days until expiration, these new contracts present an opportunity for option sellers to earn higher premiums than those offered by shorter-term options. Our analysis at Stock Options Channel has examined the ACLX options chain and highlighted one put and one call contract of note.

Put Contract Opportunities

For the put contract at the $65.00 strike price, the current bid stands at $4.50. An investor choosing to sell-to-open this put contract would commit to purchasing the shares at $65.00, while also collecting the premium. This arrangement effectively lowers the cost basis to $60.50 per share (excluding brokerage fees). For investors already looking to buy shares of ACLX, this option offers a more appealing alternative to the current market price of $69.16 per share.

Since the $65.00 strike price reflects an approximate 6% discount from the current stock price, it is considered out-of-the-money by that percentage. Current analytics indicate a 65% probability that this put contract could expire worthless. Stock Options Channel will monitor these odds and update a chart on our website, providing insights into future movements. Should the contract indeed expire worthless, the premium generated would yield a return of 6.92% on the cash commitment, which translates to 25.27% on an annualized basis—a metric we designate as YieldBoost.

Below is a chart illustrating the trailing twelve-month trading history of Arcellx Inc, with the $65.00 strike highlighted:

Call Contract Opportunities

On the call side, a contract at the $75.00 strike price currently has a bid of $5.00. If an investor decides to buy shares of ACLX at the current price of $69.16 and subsequently sell-to-open this call as a “covered call,” they would commit to selling the stock at $75.00. By collecting the premium, this setup offers a total return—excluding dividends—of 15.67% if ACLX shares are called away at the June 20th expiration (also before brokerage commissions). Investors should note potential upside could be missed if ACLX shares rise significantly, underscoring the importance of assessing both trading history and business fundamentals.

Below is a chart showing ACLX’s trailing twelve-month trading history, with the $75.00 strike highlighted in red:

The $75.00 strike price equates to an approximate 8% premium over the current stock price, meaning there’s a chance that the covered call contract might expire worthless, allowing the investor to retain both their shares and the premium collected. Present data suggests a 53% probability of this happening. We will track this dynamic over time on our website, including hosting a chart of this option’s trading history. If the covered call contract does expire worthless, the generated premium would represent a 7.23% additional return for the investor, equivalent to an annualized 26.39%—another YieldBoost.

Current implied volatility stands at 61% for the put contract and 62% for the call contract. In contrast, the actual trailing twelve-month volatility (calculated from the last 250 trading days, along with today’s price of $69.16) is 49%. For further put and call options contract ideas, visit StockOptionsChannel.com.

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.