HPQ
HP · Sep 17, 2026
$34.33
Shares
Hold
Fair value $35.99; the price is close to it, 5% under (range $26.75–$46.20, 4 of 4 models).
How we value it ›Prices as of 2:48 PM ET, Sep 17. Check the live quote before you send an order.
The put
Sell
Sell the Oct 16 $34 put. You get $165 now. In return you must buy 100 shares at $34 if HPQ falls there by Oct 16.
If it goes against you: you buy 100 shares at $34, which after the $165 you keep works out to $32.35 a share. Below $32.35 you are down on the trade. From that day the shares take above is the one that applies.
The order
You get$165 (limit about $1.65)
If it fallsBuy 100 shares at $34
Cash to hold$3,400
Close earlyBuy back at about $1.32 ($132)
Chance you buy the sharesabout 44 in 100
ContractHPQ Oct 16 $34 put
ActionSell to open
In your broker app: open the stock → Trade → Options → Sell to open → pick the contract shown here.
Why sell
The put: Oct 16, $34 strike, 29 days out. Pays $165. Roughly a 44-in-100 chance you end up buying the shares.
On paper: 61% a year. That number assumes HPQ keeps moving like it did the past two years. Take that away and it is +10% a year. That is why we say sell.
Next earnings Nov 24, after this put ends. We never sell a put across a report.
If you already own 100 shares
Income call
For income on HPQ you already hold: sell the Oct 16 $40 call and take $38 now. If HPQ climbs to $40 by Oct 16, your 100 shares are sold at $40, so only do it if you're happy selling there.
If it climbs past $40 your 100 shares are sold at $40 and you keep the $38. That is the trade working, not a loss.
The call order
ActionSell to open
ContractHPQ Oct 16 $40 call
You get$38 (limit about $0.38)
If it climbsYour 100 shares sell at $40
Chance your shares are soldabout 16 in 100
After removing the trend-7% a year
First take on HPQ. Result Oct 16. See the record
Everyone sees the same card. It is not advice for you personally. You can lose more than you collect.
PrivacyTermsHow to read thisHow we value itThe recordPerformance简体中文繁體中文한국어日本語DipBell by cleo research