Raymond James · Sep 17, 2026
$163.43
Shares
Hold
Price is 16% above our fair value of $141 (range $109–$160, 4 of 4 models).
How we value it ›Prices as of 2:51 PM ET, Sep 17. Check the live quote before you send an order.
The put
Skip
Skip the put. The money looks good, but RJF swings more than it pays. Want RJF? Buy shares.
If it goes against you: you buy 100 shares at $160, which after the $292 you keep works out to $157.08 a share. Below $157.08 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$292 (limit about $2.92)
If it fallsBuy 100 shares at $160
Cash to hold$16,000
Close earlyBuy back at about $2.92 ($292)
Chance you buy the sharesabout 35 in 100
ContractRJF Oct 16 $160 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, $160 strike, 29 days out. Pays $292. Roughly a 35-in-100 chance you end up buying the shares.
On paper: 23% a year. That number assumes RJF keeps moving like it did the past two years. Take that away and it is -19% a year. That is why we say skip.
Next earnings Oct 28, after this put ends. We never sell a put across a report.