A Rising Tide of Opportunity
Investors setting sail with Penumbra Inc (Symbol: PEN) witnessed the commencement of new options trading today, as the July 2025 expiration contracts took the plunge. With 479 days until expiration, these fresh contracts beckon sellers of puts or calls with the allure of capturing a higher premium than the nearer-term alternatives. The element that spices up the brew for option buyers is none other than time value, a vital ingredient in the pricing cauldron.
Stock Options Channel’s YieldBoost formula, much like an astute navigator scanning the horizon, scoured the PEN options chain for the new July 2025 contracts and flagged a put and call contract as stars on the options trading map.
Anchoring in Opportunity
The put contract claiming the $210.00 strike price waves at eager investors with a current bid of $29.80. Imagine a savvy investor selling-to-open that put contract. They’d commit to snag the stock at $210.00 but would also pocket the premium, setting the cost basis of the shares at a compelling $180.20 (pre-broker commissions). For those eyeing PEN shares, this alternative might sparkle, offering a path diverging from the current $222.27/share pricetag.
