SPY June 2027 Options Begin Trading

Trading has begun for SPY June 2027 options, offering investors new strategies. A put option at a $724.00 strike price provides a potential cost basis of $685.57 for those looking to buy SPY, with a 64% chance of expiring worthless. Conversely, a covered call strategy using a $763.00 strike price could yield an 11.30% return if the stock is called away.