Investors in Williams Sonoma Inc. (WSM) gained access to new options with a June 2027 expiration on October 1, 2023. The available contracts include a put option at a $190 strike price, with a current bid of $28.00, offering a potential return of 14.74% if it expires worthless, based on an estimated 63% probability of that occurring. The stock is currently trading at $193.11.
On the call side, a $200 strike price is available with a current bid of $32.00. If an investor sells a covered call at this level, they could achieve a total return of 20.14% should the stock be called away by expiration. The probability of this contract expiring worthless is estimated at 43%. The stock’s implied volatility is 44% for the put and 45% for the call.
Additionally, the trailing twelve-month volatility for WSM is calculated at 34%, reflecting the stock’s recent price motions.
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