Investors interested in Alumis Inc (ALMS) may explore selling put options instead of purchasing shares at the current market price of $23.76. A notable strategy is the December put at a $15 strike, currently offering a bid of $3.70. This could yield a 24.7% return on the $15 commitment or a 34.6% annualized rate of return, based on the premium collected.
In mid-afternoon trading on Thursday, put volume among S&P 500 components reached 2.83 million contracts, while call volume stood at 3.58 million, resulting in a put:call ratio of 0.79. This is significantly higher than the long-term median ratio of 0.65, indicating increased interest in put options compared to calls among traders today.
Alumis Inc’s trailing twelve-month volatility is measured at 117%, providing a context for assessing the risks and rewards of selling the December put option.
