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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: hiphop   😊 😞
Number: of 20398 
Subject: Cash covered PUTS on UPST
Date: 06/06/23 5:36 PM
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No. of Recommendations: 1
Looking at these today, there seems to be some rather juicy returns, especially if one believes that UPST is still likely to climb:

Date     Strike  %ITM   Cash Req'd   Target         %return  Annualized  Income/Contract   Days to Go  UPST FOMO
 Jun-23    30.5  0.03%   $    28.40   $       2.10    7.39%    1251.53%   $        210.00          10       32.6
 Jul-23      30  1.67%   $    26.10   $       3.90   14.94%     209.43%   $        390.00          45       33.9
 Aug-23      30  1.67%   $    24.20   $       5.80   23.97%     192.77%   $        580.00          73       35.8


The July 30 PUTS seem like a rather interesting proposition, buying UPST at 26.10 if the price drops below that, or getting 15% (absolute) on your money to hold it for 45 days. UPST has to climb above 34 for you to have done better with the stock. Note also that if UPST keeps climbing, you would be able to buy them back at a significant discount.

What do you guys think?

--G
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