Investors in Viavi Solutions Inc (NASDAQ: VIAV) can now explore new options set to expire in December 2028. Notably, a put contract with a $30.00 strike price has a current bid of $9.60, allowing sellers to potentially lower their cost basis to $20.40, against a current stock price of $36.63. The put represents an 18% discount from the market price, with an 81% probability of expiring worthless, yielding a potential return of 32.00% on cash commitment or 13.84% annualized.
Additionally, a call contract at the $55.00 strike price is currently bid at $13.30. If an investor buys shares at today’s price and sells this call, the total return could reach 86.46% if the stock is called away by expiration. This strike price reflects a 50% premium to the current trading price, with a 34% chance of expiring worthless, offering an additional return of 36.31% or 15.70% annualized.
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