New Options Trading Insights for Corplay Inc. (CPAY) This Week

Investors in Corplay Inc. (Symbol: CPAY) are seeing new options trading opportunities this week, specifically with contracts expiring on June 20th. Utilizing our YieldBoost formula, we have identified one notable put and one call contract from the CPAY options chain.

Put Contract Details

The put contract at the $320.00 strike price currently has a bid of $12.00. Selling this put contract entails a commitment to buy CPAY shares at $320.00, while also collecting the premium. This arrangement results in an effective cost basis of $308.00 per share, before broker commissions. For investors interested in acquiring CPAY shares, this option offers an appealing alternative to purchasing them at the current price of $322.12.

With the $320.00 strike representing about a 1% discount to the current trading price, there is a possibility that this put contract may expire worthless. Analytical data indicates that there is a 55% chance of that occurring. Our platform will track these odds over time and publish updated information on the contract detail page. If this put contract does expire worthless, the premium collected offers a return of 3.75% on the cash commitment, which annualizes to approximately 26.32%—a figure we refer to as the YieldBoost.

Trading History Visualization

Below is a chart illustrating the trailing twelve-month trading history for Corplay Inc., highlighting the position of the $320.00 strike:

Call Contract Insights

On the calls side, the contract at a $330.00 strike price has a current bid of $9.50. Investors who buy CPAY shares at the current price of $322.12 and subsequently sell this call contract as a “covered call” would agree to sell the shares at $330.00. Including the premium collected, this scenario projects a total return (not counting dividends) of 5.40% if the stock is called away by the June 20th expiration. However, substantial upside could be forfeited if CPAY shares significantly increase, making the review of the trailing twelve-month trading history and business fundamentals essential.

The chart below depicts CPAY’s trailing twelve-month trading history, with the $330.00 strike highlighted:

The $330.00 strike represents about a 2% premium to the current trading price, indicating a potential for this covered call to expire worthless as well. In this case, the investor would retain both their shares and the option premium. Current data suggests a 54% likelihood of this happening. Should the contract expire worthless, the premium would yield an additional return of 2.95%, or 20.70% annualized, also referred to as the YieldBoost.

Volatility Analysis

The implied volatility for the put contract stands at 38%, while the call contract’s implied volatility is at 36%. We also calculate the actual trailing twelve-month volatility, based on 250 trading days and the current price of $322.12, to be 34%. For additional options contract ideas, please explore StockOptionsChannel.com.

Explore Top YieldBoost Calls of Stocks Conducting Buybacks »

Related Resources:

• FUSN Market Cap History
• GDXJ Historical Stock Prices
• WMC Split History

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.