New Opportunities in Toast Inc Options Trading

September 2025 Contracts Open Door for Potential Earnings

Investors in Toast Inc (Symbol: TOST) have a reason to take notice as new options for September 2025 began trading today. With 263 days remaining until expiration, these contracts present a chance for option sellers of puts or calls to earn better premiums compared to shorter-term options.

At Stock Options Channel, we analyzed the TOST options chain for these September 2025 contracts and found one put and one call that stand out.

The put contract at the $36.00 strike price currently has a bid of $4.55. If an investor decides to sell-to-open this put contract, they must commit to buying the stock at $36.00. However, with the premium collected, this effectively lowers the cost basis to $31.45 per share (excluding broker fees). For someone planning to buy shares of TOST, this could be a more enticing option than purchasing at the current price of $36.83 per share.

The $36.00 strike price offers approximately a 2% discount to the current trading price, meaning it is slightly out-of-the-money. Current data suggests a 63% chance that this put contract could expire worthless. Stock Options Channel will monitor these odds over time, providing updated statistics on our website. If the put does expire worthless, the premium earned could yield a 12.64% return on the cash commitment, which translates to a 17.54% annualized return—a figure we refer to as YieldBoost.

Below is a chart illustrating Toast Inc’s trading history over the past twelve months, with the $36.00 strike price marked in green:

Shifting to the call options, the $38.00 strike price has a current bid of $5.80. Should an investor purchase TOST shares at $36.83 and sell this call contract as a covered call, they would agree to sell at $38.00. Including the premium received, this results in a total return (excluding any dividends) of 18.92% if the stock is called away at the September 2025 expiration. However, if TOST shares rise significantly, some potential gains may be missed. Therefore, reviewing the company’s trading history and fundamentals is important.

Below is the chart for the trailing twelve-month trading history of TOST, with the $38.00 strike highlighted in red:

The $38.00 strike price represents about a 3% premium to the current trading price. There’s also the chance that this covered call could expire worthless, in which case the investor would retain both the stocks and the premium. Current analytics indicate a 40% likelihood of this scenario. As with the put options, Stock Options Channel will continuously track these odds and provide updates on our website. Should the covered call expire worthless, the premium would result in an extra return of 15.75%, or 21.86% annualized, also categorized as YieldBoost.

The implied volatility for the put option is at 53%, while the call option stands at 59%. In contrast, the actual trading volatility calculated over the last 250 trading days, along with today’s price of $36.83, is recorded at 48%. For further put and call options insights, visit StockOptionsChannel.com.

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