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Soleno Therapeutics Inc (SLNO) is currently trading at $47.38 per share. Investors interested in the stock can consider selling a June 2026 put option with a $30 strike price, offering a premium of $3.50, which translates to an 11.7% return against the commitment and a 20.1% annualized rate of return.
The contract will only be exercised if the stock price falls 36.4% or more, leading to a cost basis of $26.50 per share when factoring in the premium. Soleno’s trailing twelve-month volatility is calculated at 73%, which investors may use alongside other analyses to assess the potential risks and rewards of this strategy.
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