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Remitly Global Inc (RELY) options have begun trading for April 2026. The put contract at $17.50 strike price has a bid of $1.65, while the call contract at $22.50 strike price has a bid of $2.00. Selling the put contract would require purchasing shares at $17.50, while selling the call contract would require selling shares at $22.50. The options represent a possible opportunity for investors to achieve higher premiums than contracts with closer expiration dates.

Remitly Global Inc (RELY) has seen new options begin trading this week for the April 2026 expiration. The put contract at the $17.50 strike price has a current bid of $1.65, while the call contract at the $22.50 strike price has a current bid of $2.00. These options represent a potential opportunity for investors to achieve higher premiums compared to contracts with closer expiration dates.

The put contract at the $17.50 strike price, with a bid of $1.65, would require investors to purchase shares at $17.50 if sold to open. This results in a cost basis of $15.85 before broker commissions. For investors interested in purchasing RELY shares, this could be an attractive alternative to paying the current price of $19.65 per share. The $17.50 strike represents an approximate 11% discount to the current trading price, making it out-of-the-money by that percentage. The current odds of the put contract expiring worthless are 71%, with a potential return of 9.43% on the cash commitment or 14.05% annualized, referred to as the YieldBoost [1].

On the call side, the $22.50 strike price contract with a bid of $2.00 would require investors to sell shares at $22.50 if sold to open. This results in a total return of 24.68% if the stock gets called away at the April 2026 expiration, before broker commissions. The $22.50 strike represents an approximate 14% premium to the current trading price, making it out-of-the-money by that percentage. The current odds of the covered call contract expiring worthless are 54%, with a potential return of 10.18% on the premium collected or 15.16% annualized, also referred to as the YieldBoost [1].

The implied volatility in the put contract is 52%, while the implied volatility in the call contract is 46%. The actual trailing twelve month volatility is 43%. These options provide investors with a way to generate income while potentially benefiting from future price movements in RELY shares.

Investors should consider the risks associated with options trading, including the potential for significant losses if the options expire worthless. It is essential to conduct thorough research and understand the risks before engaging in options strategies.

References:
[1] https://www.nasdaq.com/articles/interesting-rely-put-and-call-options-april-2026