Investors in Fabrinet (NASDAQ: FN) will see new options trading for December 2027 begin today, with 494 days until expiration. A notable opportunity is the put contract with a $540.00 strike price, currently bid at $169.50, which implies a cost basis for shares at $370.50 if sold. This represents a 3% discount from the current stock price of $555.14 and has a 71% chance of expiring worthless, potentially yielding a 31.39% return on cash commitment.
Additionally, a call contract at the $660.00 strike price, with a current bid of $176.00, suggests a possible total return of 50.59% if shares are sold at expiration. This strike price reflects a 19% premium over the current stock price, with a 36% probability that it may expire worthless, allowing the investor to retain both shares and premium. The implied volatility for the put and call contracts is 83% and 82%, respectively, while the trailing twelve-month volatility is calculated at 73%.
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