Investors in Deckers Outdoor Corp. (DECK) can now trade new options set to expire in January 2029, providing significant time value with 858 days until expiration. A notable put contract at a $75.00 strike price has a current bid of $13.40, allowing sellers to set a cost basis of $61.60 per share—an attractive alternative to buying shares at the current market price of $79.79. The $75.00 strike price represents a 6% discount from the current trading price, with a 72% chance of the contract expiring worthless, yielding a potential return of 17.87%.
On the calls side, a contract at the $105.00 strike price has a bid of $15.00. If an investor buys DECK shares at $79.79 and sells this call as a covered call, they risk capping their upside but could realize a total return of 50.39% if the stock is called away by expiration. The $105.00 strike represents a 32% premium over the current price, with a 46% probability of it expiring worthless, potentially yielding an 18.80% boost in return.
Both options feature an implied volatility of approximately 47%, compared to the actual trailing twelve-month volatility of 45% based on the last 250 trading days.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
