New HCA Healthcare Options Offer Investment Opportunities for June 2026
Investors in HCA Healthcare Inc (Symbol: HCA) have new options available today with a June 2026 expiration. The time value is an essential factor in determining the premium that buyers are willing to pay for options. With 464 days until expiration, these new contracts may allow sellers of puts or calls to achieve a higher premium compared to contracts with shorter expiration periods. At Stock Options Channel, our YieldBoost formula has analyzed the HCA options chain and identified specific put and call contracts of notable interest.
Put Contract Insights
The put contract with a $320.00 strike price currently has a bid of $35.50. By selling this put contract, an investor commits to purchasing the Stock at $320.00 while simultaneously collecting the premium, reducing the effective cost basis for shares to $284.50, excluding broker commissions. For investors keen on buying shares of HCA, this could be an appealing alternative to paying the current market price of $327.19 per share.
The $320.00 strike reflects an approximate 2% discount from the current trading price of HCA’s Stock, indicating it is out-of-the-money by this percentage. Current analytical data indicate that there is a 65% probability that the put contract could expire worthless. Stock Options Channel will monitor these odds over time and provide updates through a chart on our website under the contract detail page. If the contract does expire worthless, the premium would yield an 11.09% return on cash commitment, or 8.73% annualized – a concept we refer to as YieldBoost.
Trading History Overview
Below is a chart that displays HCA Healthcare Inc’s trailing twelve-month trading history, with the $320.00 strike price highlighted in green:
Call Contract Analysis
On the call side, the call contract with a $340.00 strike price is currently bid at $47.00. Should an investor buy shares of HCA at the current price of $327.19 and then sell-to-open this call contract as a “covered call,” they would be committing to sell the Stock at $340.00. This strategy, coupled with the premium collected, offers a potential total return of 18.28% if the shares are called away at the June 2026 expiration (excluding dividends and broker commissions). However, this approach carries the risk of capping maximum upside if HCA shares appreciate significantly, underscoring the importance of analyzing the company’s trailing twelve-month trading history and underlying fundamentals.
Below is a chart showcasing HCA’s trailing twelve-month trading history, with the $340.00 strike price marked in red:
The $340.00 strike price is approximately 4% above the current trading price of HCA, placing it out-of-the-money by that margin. Therefore, there’s a chance that the covered call contract may expire worthless. In such a scenario, the investor retains both their shares and the premium collected. Current analysis suggests a 41% probability of this occurring. At Stock Options Channel, these odds will be updated on our website over time, alongside a chart of the option’s trading history. If the covered call contract does expire worthless, the premium would amount to a 14.36% additional return for the investor, or an annualized 11.30% boost, which we also classify as YieldBoost.
The implied volatility for the put contract example is 35%, while for the call contract, it is 32%. In contrast, the actual trailing twelve-month volatility, calculated via the last 250 trading day closings and today’s price of $327.19, stands at 27%. For more options contract ideas worth exploring, 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.
