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GitLab Inc (Symbol: GTLB) has introduced new options trading for February 2026, offering significant opportunities for investors. The newly available put contract at the $45.00 strike price has a current bid of $2.90. Selling this contract requires committing to purchase the stock at $45.00, effectively reducing the cost basis to $42.10. The current trading price of GitLab is $46.76, which means the put represents an approximate 4% discount.
Additionally, the call contract at the $47.50 strike price is currently bid at $4.20. If investors buy shares at $46.76 and sell the call, they would be agreeing to sell at $47.50, securing a potential total return of 10.56% upon expiration. The 44% odds exist that this covered call contract may expire worthless, allowing investors to retain their shares and the premium collected.
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