Investors in Wingstop Inc (WING) began trading new options today for the August 15th expiration. A notable put contract at the $340.00 strike price has a current bid of $22.00, allowing an investor to purchase shares at this price while collecting a premium. This brings the effective cost basis to $318.00, offering approximately a 2% discount to the current trading price of $348.26/share.
Additionally, a call contract at the $360.00 strike price is available with a current bid of $25.70. If an investor sells this call after purchasing shares at the current price, they could achieve a total return of 10.75% if the stock is called away by the expiration date. The current odds of the put contract expiring worthless are estimated at 61%, while the odds for the call contract are at 49%.
Both contracts exhibit implied volatility around 54%, and the actual trailing twelve-month volatility is calculated to be 51%. For further analysis, investors can consult detailed options data available on Stock Options Channel.
