BVN September 18th Options Chain: Exploring Call and Put Strategies for Income Generation

New options contracts tied to Compania de Minas Buenaventura S.A. (ticker: BVN) hit the trading floor today with an expiration date of September 18th. The extended time horizon—246 days until expiration—creates a compelling backdrop for premium sellers, as longer-dated contracts typically command higher premiums compared to near-term alternatives.

Call Strategy: Covered Call Income Play

On the call side of the chain, traders are eyeing the $35.00 strike with a current bid of $3.20. For an investor purchasing BVN stock at the present market price of $34.20 per share, implementing a covered call strategy by selling these contracts presents an intriguing income opportunity. This approach locks in the $35.00 sale price while capturing the $3.20 premium upfront, resulting in a combined return of 11.70% by the September 18th expiration (before commissions).

The $35.00 strike sits approximately 2% above current trading levels, suggesting that there’s meaningful room for the stock to appreciate before assignment occurs. Historical price action over the trailing twelve months demonstrates that this strike level remains realistic within BVN’s trading range. The analytics indicate a 43% probability that the call contract expires worthless—meaning the seller keeps both shares and premium. Should this occur, the $3.20 premium delivers a 9.36% income boost, or 13.89% on an annualized basis—what analysts refer to as the YieldBoost metric.

Put Strategy: Discounted Entry Point

Switching to the put side, the $34.00 strike represents an attractive opportunity for investors seeking stock accumulation at a discount. The current bid on this contract stands at $3.10. A sell-to-open put position at this strike obligates the seller to purchase BVN at $34.00, but the $3.10 premium collected reduces the effective entry cost to $30.90 per share—a meaningful discount to today’s $34.20 price point.

The $34.00 strike trades roughly 1% below the current market price, positioning it as an out-of-the-money contract. Historical twelve-month data confirms this level aligns with BVN’s established trading patterns. Current probability calculations suggest a 59% chance the put expires worthless, allowing the seller to pocket the premium without taking on stock. In such a scenario, the $3.10 premium translates to a 9.12% return on the cash reserved, or 13.53% annualized using the YieldBoost framework.

Volatility Context

The put contract carries an implied volatility reading of 50%, while the call contract shows 51%. These readings contrast with the calculated trailing twelve-month realized volatility of 39% (based on 251 trading days of closing data plus today’s $34.20 price), suggesting the market is pricing in elevated uncertainty relative to historical precedent.

Strategic Takeaway for September 18th Expiration

Both contracts offer distinct pathways for income enhancement through premium collection. The choice between a covered call strategy (capping upside but securing income) and a cash-secured put strategy (enabling discounted accumulation) depends on individual risk tolerance and market outlook. The 246-day window provides ample time to monitor how probabilities evolve as the September 18th expiration approaches.