Atlassian Corp Offers New Long-Term Options for Investors
Investors looking at Atlassian Corp (Symbol: TEAM) have a fresh opportunity with new options contracts set to expire in September 2025. With 263 days remaining until expiration, these options could allow sellers of puts or calls to collect higher premiums compared to those with shorter maturities. Stock Options Channel’s YieldBoost formula has pinpointed one notable put and call contract in the new offerings.
Attractive Put Option: $240 Strike
A put contract with a $240.00 strike price currently has a bid of $31.70. Selling this put would require the investor to buy shares at $240.00, while also earning the premium. This lowers the effective cost basis of purchasing the stock to $208.30 (before any broker fees). For someone already considering buying shares of TEAM, this option may be more appealing than paying the current market price of $244.16 per share.
Given that the $240.00 strike is roughly 2% below the current trading price, there is a chance the put could expire without value. Current analytics indicate a 62% likelihood of this outcome. Stock Options Channel intends to monitor and display these odds over time, providing ongoing insights on our website. If the contract were to expire worthless, the premium would yield a 13.21% return on the invested cash, translating to an annualized return of 18.33%, which we refer to as YieldBoost.
Below, you will find a chart tracking the past twelve months of trading for Atlassian Corp, highlighting the position of the $240.00 strike relative to that history:
Potential Gain from Covered Call: $260 Strike
On the call side, a contract is available at a $260.00 strike price with a current bid of $33.70. If an investor buys TEAM shares at the prevailing $244.16 and then sells this call contract as a “covered call,” they commit to selling the stock at $260.00. Including the premium collected, this represents a potential total return of 20.29% at the September 2025 expiration (before broker commissions). However, if TEAM’s shares outperform expectations, considerable upside may be left unclaimed. Therefore, reviewing the trailing twelve-month trading history and company fundamentals is crucial. The chart below illustrates TEAM’s historical performance with the $260.00 strike prominently marked:
The $260.00 strike price sits about 6% above the current trading price, meaning there’s a chance the call contract could also expire worthless. In such a scenario, the investor retains both their shares and the received premium. Current data puts the chances of this at 45%. Stock Options Channel will continue to observe these odds, providing updates on our website. If the covered call expires worthless, the premium would add a 13.80% increase to the investor’s return, equating to an annualized figure of 19.16%, again known as YieldBoost.
Both the put and call contracts showcase an implied volatility of approximately 48%. In contrast, we determine the actual past twelve-month volatility—based on the last 250 trading days and today’s share price of $244.16—to be 47%. For more insights on viable put and call options, check out StockOptionsChannel.com.
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- Institutional Holders of DXR
- LUV Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
