New DoorDash Options Offer Potential for Investors

Investors interested in DoorDash Inc. (Symbol: DASH) have new options available this week, with contracts expiring in August 2025. The time until expiration, currently at 238 days, is a critical factor in determining option prices and can create opportunities for those looking to sell puts or calls for a better premium.

Put Options: Attractive Entry Point

One notable option is the put contract at a $160.00 strike price, currently bid at $14.95. By selling this put, an investor agrees to buy shares at $160.00 while collecting the premium. This effectively lowers the investment cost to $145.05 per share, excluding broker commissions, making it an appealing alternative to buying shares outright at the current price of $169.63.

This $160.00 strike represents an approximate 6% discount compared to the current trading price and is considered out-of-the-money by that percentage. There’s a 66% chance, based on current analytics, that this put option could expire worthless. Should that happen, the premium would yield a 9.34% return on the cash committed, or an annualized 14.33%. This metric is referred to as YieldBoost by Stock Options Channel.

Call Options: Potential Upside with Covered Calls

Switching to the call options, there’s a contract available at the $185.00 strike price, with a current bid of $17.20. If an investor buys DASH shares at $169.63 and then sells the call as a “covered call,” they commit to sell at $185.00. This scenario could yield a total return of 19.20% at the August 2025 expiration, prior to any broker fees.

It’s essential to consider that this $185.00 strike also signifies a 9% premium to the current trading price. There’s a 51% chance that this covered call could expire worthless, allowing investors to retain both their shares and the premium collected. If that occurs, the premium would provide a 10.14% additional return or 15.55% annualized, another assessment made by Stock Options Channel.

Market Volatility Insights

For context, the implied volatility for the put option stands at 41%, and for the call option, it’s at 40%. The actual trailing twelve-month volatility, calculated from the last 251 trading days, is 34% based on today’s price of $169.63. To discover more options and contract ideas, visit StockOptionsChannel.com.

Top YieldBoost Calls of the Nasdaq 100 »

Also see:

• VSEC Average Annual Return
• ECC Next Dividend Date
• SOUN market cap history

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