NTR February 2019 Options Begin Trading

A generic image of a dollar in front of a graph
Credit: Shutterstock photo

Investors in Nutrien Ltd.HARES (Symbol: NTR) saw new options become available today, for the February 2019 expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the NTR options chain for the new February 2019 contracts and identified the following put contract of particular interest.

The put contract at the $40.00 strike price has a current bid of 95 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $40.00, but will also collect the premium, putting the cost basis of the shares at $39.05 (before broker commissions). To an investor already interested in purchasing shares of NTR, that could represent an attractive alternative to paying $44.03/share today.

Because the $40.00 strike represents an approximate 9% 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 85%. 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 2.38% return on the cash commitment, or 17.00% annualized - at Stock Options Channel we call this the YieldBoost .

Below is a chart showing the trailing twelve month trading history for Nutrien Ltd.HARES, and highlighting in green where the $40.00 strike is located relative to that history:

The implied volatility in the put contract example above is 44%.

Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 247 trading day closing values as well as today's price of $44.03) to be 27%. For more put and call options contract ideas worth looking at, visit

Top YieldBoost Puts of the S&P 500 »

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

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

In This Story


Other Topics


Latest Markets Videos

BNK Invest

BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

Learn More