Initial Week of LEGN Options Trading for August 2026
Put Contract Overview: The $20.00 put contract for LEGN has a bid of 60 cents, allowing investors to buy shares at a cost basis of $19.40, which is an 8% discount from the current price of $21.71. There is a 68% chance the contract may expire worthless, offering a potential 3.00% return on cash commitment.
Call Contract Overview: The $22.50 call contract has a bid of $1.60, and if shares are purchased at $21.71 and the call is sold, it could yield an 11.01% return if exercised by August 2026. The chance of the call expiring worthless is 42%, which would provide a 7.37% additional return.
Volatility Insights: The implied volatility for the put contract is 55% and for the call contract is 53%, while the actual trailing twelve-month volatility is calculated at 46%, indicating market expectations for price fluctuations.
YieldBoost Concept: The article discusses the concept of YieldBoost, highlighting potential returns from both put and call contracts, and encourages investors to track these options and their changing odds on the Stock Options Channel website.
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Deutsche Bank Downgrades Qiagen to Hold, Raises Price Target to $54
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- Legend Biotech Downgrade: TD Cowen analyst Yaron Werber downgraded Legend Biotech Corp (NASDAQ:LEGN) from Buy to Hold and significantly cut the price target to $21, reflecting concerns about its market performance, even as the stock closed at $20.76 on Wednesday.
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Johnson & Johnson Exceeds Earnings Expectations and Raises Forecast Despite Share Decline
- Earnings Report: Johnson & Johnson reported better-than-expected earnings for the fourth quarter.
- Stock Performance: Despite the positive earnings report, the company's stock was falling.






