Investors in Enersys (Symbol: ENS) witnessed the launch of new options trading today, specifically for the June 2026 expiration. A crucial factor influencing the price an option buyer is willing to pay is the time value. With 245 days remaining until expiration, these newly available contracts present a potential opportunity for sellers of puts or calls to secure a higher premium than what would typically be available for contracts with a shorter expiration. At Stock Options Channel, our YieldBoost formula has analyzed the ENS options chain for these new June 2026 contracts and identified one put and one call contract of particular interest.
The put contract at the $120.00 strike price currently has a bid of $11.90. If an investor opts to sell-to-open this put contract, they commit to purchasing the stock at $120.00 while collecting the premium. This effectively lowers the cost basis of the shares to $108.10 (before broker commissions). For investors already interested in acquiring shares of ENS, this could be an appealing alternative to paying the current market price of $123.10 per share.
Since the $120.00 strike represents an approximate 3% discount to the current trading price, it is out-of-the-money by that percentage. There is also a chance that the put contract could expire worthless. Current analytical data, including greeks and implied greeks, suggest a 61% probability of this occurring. Stock Options Channel will monitor these odds over time, publishing a chart of these figures on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would yield a 9.92% return on the cash commitment, or 14.77% annualized — a figure we refer to as the YieldBoost.
Below is a chart illustrating the trailing twelve-month trading history for Enersys, highlighting in green where the $120.00 strike is positioned relative to that history:
Shifting focus to the call side of the options chain, the call contract at the $125.00 strike price has a current bid of $14.20. If an investor purchases shares of ENS stock at the current price of $123.10 per share and subsequently sells-to-open this call contract as a “covered call,” they commit to selling the stock at $125.00. By collecting the premium, this strategy could yield a total return (excluding dividends) of 13.08% if the stock is called away at the June 2026 expiration (before broker commissions). However, significant upside could be left on the table if ENS shares appreciate substantially, making it essential to analyze the trailing twelve-month trading history for Enersys alongside the business fundamentals. Below is a chart showing ENS’s trailing twelve-month trading history, with the $125.00 strike highlighted in red:
Considering that the $125.00 strike represents an approximate 2% premium to the current trading price, it is also possible for the covered call contract to expire worthless. In this scenario, the investor would retain both their shares and the premium collected. Current analytical data indicates a 43% chance of this happening. Stock Options Channel will track these odds over time, publishing a chart of these figures on our website under the contract detail page for this contract. Should the covered call contract expire worthless, the premium would represent an 11.54% boost in extra return for the investor, or 17.19% annualized, which we also refer to as the YieldBoost.
The implied volatility for both the put and call contract examples stands at approximately 41%. Meanwhile, we calculate the actual trailing twelve-month volatility (considering the last 250 trading days and today’s price of $123.10) to be 35%. For more put and call options contract ideas worth exploring, visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
