Investors in WW International Inc (Symbol: WW) saw new options begin trading today, for the April 9th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the WW options chain for the new April 9th contracts and identified one put and one call contract of particular interest.
WW国际公司(代码:WW)的投资者今天看到新的期权开始交易,4月9日到期。在股票期权频道,我们的收益率提升公式在WW期权链上下查找了新的4月9日合约,并确定了一个特别感兴趣的看跌和一个看涨合约。
The put contract at the $26.50 strike price has a current bid of $1.90. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $26.50, but will also collect the premium, putting the cost basis of the shares at $24.60 (before broker commissions). To an investor already interested in purchasing shares of WW, that could represent an attractive alternative to paying $26.74/share today.
26.50美元执行价的看跌合约目前的出价为1.90美元。如果一个投资者要出售期权合约,他们承诺以26.50美元的价格购买该股票,但也会收取溢价,将该股票的成本基础定在24.60美元(不包括经纪人佣金)。对于一个已经有兴趣购买WW股票的投资者来说,这可能是一个有吸引力的选择,而不是今天每股26.74美元的价格。
Because the $26.50 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 7.17% return on the cash commitment, or 60.92% annualized — at Stock Options Channel we call this the YieldBoost.
因为26.50美元的执行价相当于该股票当前交易价格的大约1%的折扣(换句话说,这个百分比是价外的),也有可能看跌合约到期时毫无价值。目前的分析数据(包括希腊人和隐性希腊人)表明,目前这种情况发生的几率是100%。股票期权频道将跟踪这些赔率,看看它们如何变化,并在我们网站上的合同详情页下发布这些数字的图表。如果合约到期后一文不值,那么这笔溢价将代表现金承诺的7.17%回报率,或者折合成年率的60.92%——在股票期权渠道,我们称之为收益率提升。
Below is a chart showing the trailing twelve month trading history for WW International Inc, and highlighting in green where the $26.50 strike is located relative to that history:
下面的图表显示了WW国际公司过去12个月的交易历史,用绿色标出了26.50美元的执行力相对于历史的位置:
Turning to the calls side of the option chain, the call contract at the $27.50 strike price has a current bid of $2.00. If an investor was to purchase shares of WW stock at the current price level of $26.74/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $27.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 10.32% if the stock gets called away at the April 9th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if WW shares really soar, which is why looking at the trailing twelve month trading history for WW International Inc, as well as studying the business fundamentals becomes important. Below is a chart showing WW's trailing twelve month trading history, with the $27.50 strike highlighted in red:
至于期权链的看涨期权,执行价为27.50美元的看涨合约当前的买出价为2.00美元。如果一个投资者打算以目前26.74美元/股的价格购买WW股票,然后以“备兑看涨期权”的价格卖出该看涨期权合约,他们承诺将以27.50美元的价格卖出该股票。考虑到看涨期权卖家也将收取溢价,如果股票在4月9日到期(经纪人佣金之前)被收回,那么总回报率(不包括股息)将达到10.32%。当然,如果WW股价真的大涨,可能还有很多上行空间,这就是为什么研究WW International (WW . n:行情)过去12个月的交易历史以及研究业务基本面变得很重要。下面的图表显示了WW过去12个月的交易历史,27.50美元的止损用红色标注:
Considering the fact that the $27.50 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 7.48% boost of extra return to the investor, or 63.55% annualized, which we refer to as the YieldBoost.
考虑到27.50美元的罢工是一个近似3%的溢价股票目前的交易价格(换句话说,它是价外的百分比),还有一种可能性,备兑买入的合同将到期价值,在这种情况下,投资者将他们的股票和保险费收集。当前的分析数据(包括希腊人和隐性希腊人)表明,当前发生这种情况的几率为99%。在我们的网站上,该合同的合同详情页面下,股票期权渠道将跟踪这些赔率,了解它们如何变化,并发布这些数字的图表(期权合同的交易历史也将被绘制出来)。如果备兑看涨期权合约到期后一文不值,溢价将使投资者获得7.48%的额外回报,折合成年率为63.55%,我们称之为收益率提升。
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $26.74) to be 86%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
与此同时,我们计算出实际的往绩12个月波动率(考虑到最近252个交易日的收盘价以及今天26.74美元的价格)为86%。要了解更多值得关注的看跌期权合约,请访问StockOptionsChannel.com。





