Expand Energy Corp (Symbol: EXE) announced new options for February 2027, providing investors with potential opportunities for put and call contracts. The put contract at a $95.00 strike price has a current bid of $4.40, equating to a cost basis of $90.60 per share, which is approximately 4% below the current trading price of $98.80. This contract has a 63% chance of expiring worthless, potentially yielding a 4.63% return on commitment, or 9.83% annualized.
On the call side, a contract at the $100.00 strike price is currently bid at $6.90. If investors buy shares at $98.80 and sell this covered call, they could see an 8.20% total return by expiration, with a 47% chance of the contract expiring worthless, which would then yield a 6.98% additional return, or 14.82% annualized. The implied volatility for the put contract is 31%, while the call has a slightly higher volatility of 33%.
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