Investors in Deckers Outdoor Corp. (DECK) saw new options trading begin today for expiration on October 23. Notably, there is a put contract at the $83.00 strike price with a current bid of $3.10, allowing investors to purchase stock at an effective cost basis of $79.90. This represents a 1% discount to the current trading price of $83.71 per share.
Additionally, the call contract at the $86.00 strike price, with a current bid of $3.20, offers a potential return of 6.56% if exercised by expiration. This strike price is approximately 3% above the current trading price. The current odds of both contracts expiring worthless are estimated at 57% for the put and 51% for the call.
The implied volatility for the put contract is 46%, while the call contract stands at 49%, with actual trailing twelve-month volatility calculated at 45%.
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