New Options for SPDR Series Trust – Portfolio S&P 500 ETF Present Investment Opportunities
December 2025 Options Open as Investors Look to Capitalize on Premiums
Today marks the start of new options trading for the SPDR Series Trust – Portfolio S&P 500 ETF (Symbol: SPLG), with contracts set to expire in December 2025. With 354 days remaining until expiration, investors can leverage these contracts to potentially secure better premiums for puts and calls compared to options with shorter time frames.
Using the YieldBoost formula from Stock Options Channel, we have identified a noteworthy put and call option within the new December 2025 contracts. The $67.00 put contract currently has a bid of $1.05. Selling this put obligates the investor to purchase shares at $67.00, while collecting the premium effectively reduces their cost basis to $65.95 (not accounting for broker commissions). This could be an appealing alternative for anyone looking to buy SPLG, which is currently priced at $68.90 per share.
The $67.00 strike represents a roughly 3% discount off the current trading price, meaning it is slightly out-of-the-money. According to current analytical data, there’s a 66% chance this put contract might expire worthless. Stock Options Channel will monitor these odds over time, offering updates on our website under the contract detail page for further insights. If the contract does expire worthless, it would yield a 1.57% return on cash commitment, or an annualized return of 1.62%—a figure we term the YieldBoost.
Below, a chart illustrates the trailing twelve-month trading history for SPDR Series Trust – Portfolio S&P 500 ETF, highlighting the position of the $67.00 strike in green:
Shifting focus to call options, a notable contract exists at a $73.00 strike price, with a current bid of $1.20. Investors buying SPLG at the current price of $68.90 and selling this call contract as a covered call would agree to sell the stock at $73.00. By including the premium collected, this transaction could deliver a total return of 7.69% if the stock is called away at the December 2025 expiration (before commissions). However, significant upside may be forfeited if SPLG shares rise dramatically, highlighting the need for investors to review both trading history and company fundamentals.
Below is a chart detailing SPLG’s trailing twelve-month trading history, with the $73.00 strike marked in red:
The $73.00 strike price indicates a roughly 6% premium relative to the current trading price, placing it out-of-the-money by that amount. There’s also a chance this covered call might expire worthless, allowing investors to retain both their shares and the premium. Current analytical data shows the odds of such an outcome at 54%. Stock Options Channel will continuously track these figures and publish updates on our diagram of the option contract’s trading history.
In the scenario where the covered call contract expires worthless, the premium would provide a 1.74% increase to returns or an annualized 1.80%—also referred to as the YieldBoost.
The implied volatility for the put contract is recorded at 18%, while the call contract reflects 15%. Meanwhile, our calculations suggest that the actual trailing twelve-month volatility, based on the last 250 trading days and today’s price of $68.90, stands at 13%. For more options and trading strategies, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Additional Resources:
- RMT Shares Outstanding History
- ATEK Historical Stock Prices
- CAVM Historical Stock Prices
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
