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Reminder - Sunoco (SUN) Goes Ex-Dividend Soon
Wednesday, May 3, 10:58 AM ET, by Market News Video Staff

On 5/5/23, Sunoco LP (SUN) will trade ex-dividend, for its quarterly dividend of $0.842, payable ...

Implied DIV Analyst Target Price: $19
Tuesday, May 9, 6:27 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Sunoco Breaks Below 200-Day Moving Average - Notable for SUN
Thursday, June 22, 4:06 PM ET, by Market News Video Staff

In trading on Thursday, shares of Sunoco LP (SUN) crossed below their 200 day moving ...

Ex-Dividend Reminder: Sunoco, CVR Energy and Energy Transfer LP
Wednesday, August 9, 11:30 AM ET, by Market News Video Staff

On 8/11/23, Sunoco LP (SUN), CVR Energy Inc (CVI), and Energy Transfer LP (ET) will ...

Sunoco Breaks Below 200-Day Moving Average - Notable for SUN
Tuesday, August 15, 1:15 PM ET, by Market News Video Staff

In trading on Tuesday, shares of Sunoco LP (SUN) crossed below their 200 day moving ...

First Week of May 21st Options Trading For Sunoco (SUN)

By Market News Video Staff, Thursday, April 29, 10:37 AM ET
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Investors in Sunoco LP (NYSE:SUN) saw new options begin trading this week, for the May 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SUN options chain for the new May 21st contracts and identified the following put contract of particular interest.

The put contract at the $35.00 strike price has a current bid of 90 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $35.00, but will also collect the premium, putting the cost basis of the shares at $34.10 (before broker commissions). To an investor already interested in purchasing shares of SUN, that could represent an attractive alternative to paying $35.29/share today.

Because the $35.00 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 53%. 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 2.57% return on the cash commitment, or 42.66% annualized — at Stock Options Channel we call this the YieldBoost.

Below is a chart showing the trailing twelve month trading history for Sunoco LP, and highlighting in green where the $35.00 strike is located relative to that history:

The implied volatility in the put contract example above is 36%.

Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $35.29) to be 31%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.


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First Week of May 21st Options Trading For Sunoco (SUN) | Market News Video | Copyright © 2008 - 2024, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

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