Investors in Campbell’s Company (CPB) can now trade new options expiring in February 2026, which offer opportunities for higher premiums due to their 242 days until expiration. A put contract at a $31.00 strike price currently bids at $2.25, allowing a potential effective purchase price of $28.75 per share, compared to the current market price of $32.15. The odds of this put expiring worthless are estimated at 60%, potentially yielding a 7.26% return, or 10.95% annualized.
On the call side, a $33.00 strike price option bids at $2.20. If shares are bought at $32.15 and sold as a covered call, the total return could reach 9.49% if called away at expiration, with a 51% chance of expiring worthless, which would yield a 6.84% return or 10.32% annualized. The implied volatility for the put contract is 29% and 28% for the call contract, while the actual trailing twelve-month volatility stands at 25%.
