Investors Explore Put Options for EXACT Sciences Corp. Stock

Investors interested in acquiring EXACT Sciences Corp. (Symbol: EXAS) Stock may find it worthwhile to consider selling put options, particularly if they are hesitant about the current market price of $42.64 per share. A notable put contract is the January 2027 option with a $30 strike price, currently bidding at $4.20. This premium offers a 14% return based on the $30 commitment, translating to a 7.6% annualized rate of return—what we refer to as the YieldBoost at Stock Options Channel.

It’s important to note that selling a put does not provide the same upside potential as directly owning EXAS shares. A put seller only acquires shares if the option is exercised, which occurs if doing so yields a better outcome than selling at the current market price. To clarify, the put seller benefits from the premium unless EXACT Sciences’ stock falls by 29.9%, triggering a scenario where the contract is exercised. This would result in an effective cost basis of $25.80 per share (subtracting the $4.20 premium from the $30 strike), before broker commissions.

Below is a chart that outlines the trailing twelve-month trading history for EXACT Sciences Corp., with the $30 strike clearly highlighted:

This chart, along with the Stock‘s historical volatility, should be useful for assessing whether the January 2027 put at the $30 strike, which offers a 7.6% annualized rate of return, justifies the associated risks. We have determined that the trailing twelve-month volatility for EXACT Sciences Corp., using the last 250 trading day closing values and today’s price of $42.64, stands at 58%. For additional put option contract ideas with various expiration dates, visit the EXAS Stock Options page on StockOptionsChannel.com.

In mid-afternoon trading on Thursday, the volume for puts among S&P 500 components reached 1.17 million contracts, while call volume was at 1.52 million, resulting in a put:call ratio of 0.77. This figure is notably high compared to the long-term median put:call ratio of 0.65. Essentially, this indicates an increased interest in puts among options traders compared to calls.

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also see:

• Dividend Paying Stocks
• PRSU Historical earnings
• Funds Holding SIMG

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