Shares
Hold
Fair value $103; the price is close to it, 6% over (range $80.04–$161, 4 of 4 models).
How we value it ›Prices as of 2:50 PM ET, Sep 17. Check the live quote before you send an order.
The put
Skip
Skip the put. The money looks good, but HALO swings more than it pays. Want HALO? Buy shares.
If it goes against you: you buy 100 shares at $100, which after the $88 you keep works out to $99.12 a share. Below $99.12 you are down on the trade. From that day the shares take above is the one that applies.
The order, if you sell it anyway
You get$88 (limit about $0.88)
If it fallsBuy 100 shares at $100
Cash to hold$10,000
Close earlyBuy back at about $0.88 ($88)
Chance you buy the sharesabout 15 in 100
ContractHALO Oct 16 $100 put
ActionSell to open
In your broker app: open the stock → Trade → Options → Sell to open → pick the contract shown here.
Why skip
The put: Oct 16, $100 strike, 29 days out. Pays $88. Roughly a 15-in-100 chance you end up buying the shares.
On paper: 11% a year. That number assumes HALO keeps moving like it did the past two years. Take that away and it is -35% a year. That is why we say skip.
Next earnings Nov 2, after this put ends. We never sell a put across a report.