RELY Options for April 2026: Time Value and YieldBoost Opportunities

Remitly Global Inc. (RELY) investors can trade new options for April 2026. A put option with a $17.50 strike price has a current bid of $1.65, while a call option with a $22.50 strike price has a bid of $2.00. Selling these options could generate a 9.43% return on the cash commitment or a 24.68% total return if the stock gets called away at expiration.

Remitly Global Inc. (RELY) investors now have the opportunity to trade new options contracts with expirations in April 2026. The newly listed options include a put option with a $17.50 strike price and a call option with a $22.50 strike price. Both options present potential yield opportunities for investors.

The put option at the $17.50 strike price has a current bid of $1.65. If an investor were to sell this put contract, they would commit to buying the stock at $17.50, but would also collect the premium. This would reduce the cost basis of the shares to $15.85 (before broker commissions). For an investor interested in purchasing shares of RELY, this could be an attractive alternative to the current market price of $19.65 per share [1].

The put contract's strike price represents an approximately 11% discount to the current trading price of the stock, making it out-of-the-money. The odds of the put contract expiring worthless are currently estimated at 71% [1]. If the contract does expire worthless, the premium would represent a 9.43% return on the cash commitment, or 14.05% annualized, as calculated by Stock Options Channel's YieldBoost formula.

On the call side, the option at the $22.50 strike price has a current bid of $2.00. If an investor were to purchase RELY stock at the current price of $19.65 per share and then sell this call contract as a "covered call," they would commit to selling the stock at $22.50. This strategy could yield a total return of 24.68% if the stock gets called away at expiration (before broker commissions) [1].

The $22.50 strike price represents an approximate 14% premium to the current trading price of the stock, making it out-of-the-money. The odds of the covered call contract expiring worthless are currently estimated at 54% [1]. If the contract expires worthless, the premium would represent a 10.18% boost to the investor's return, or 15.16% annualized.

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 for RELY is 43% [1].

Recent insider trading news also provides context for RELY's stock performance. Remitly Global Inc.'s Chief Business Officer, Pankaj Sharma, sold 9,000 shares of common stock on August 13 and 14, totaling $178,550. This sale was executed under a pre-arranged Rule 10b5-1 trading plan. Following the transactions, Sharma directly owns 182,926 shares of RELY stock [2].

In other news, Remitly Global Inc. reported its second-quarter earnings for 2025, revealing mixed results. The company experienced a significant miss on earnings per share (EPS) but exceeded revenue expectations. Analysts expect continued profitability for the company this year [2].

Investors should carefully consider the risks associated with trading options and ensure they have a solid understanding of the strategies involved before making any trades.

References:
[1] https://www.nasdaq.com/articles/interesting-rely-put-and-call-options-april-2026
[2] https://www.investing.com/news/insider-trading-news/remitly-global-chief-business-officer-sharma-sells-178k-in-stock-93CH-4194348