Investors in Dell Technologies Inc. (DELL) saw new options contracts begin trading today for expiration in June 2028. Notably, a call contract with a $650.00 strike price is currently bid at $135.50. If an investor buys DELL shares at $457.35 and sells this call contract, they could achieve a total return of 71.75% if the stock is called away at expiration.
The $650 strike price represents a 42% premium over the current trading price, with a 41% probability of the contract expiring worthless, allowing investors to retain both shares and the premium. If it does expire worthless, this would yield a 29.63% additional return or 14.52% annualized, known as the YieldBoost. The implied volatility for this call contract is 72%, while the trailing twelve-month volatility stands at 61%.
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