We have traded ZIM Integrated Shipping Services (ZIM) very successfully in the past. The volatile stock sports sky-high premiums, and we can capture an excellent potential return by selling a put that is around 8% out of the money.
Current Stock Price: $66.38
Action: Sell to open the ZIM Jun Week Two (6/10) 61 Put
Current Option Price: $0.50-$0.65
Recommended Limit: Set your initial limit order at $0.55. You can go as low as $0.35, but please don’t start there and always use limit orders.
Expiration: After the close on Friday, June 10
Potential Rate of Return: 0.9% in eight days, or 41% annualized, if this option expires worthless