Finance of America sits at $19.99, a penny shy of our $20 strike, making this short put essentially a buy order with a 3.2% discount baked in. At 67% annualized return for just nine days of risk, FOA offers the kind of premium that makes you double-check the math.
The credit services company just reported Q1 2026 earnings, and while the stock trades 11% below its 200-day moving average of $22.47, the fundamentals tell a different story. A 9.3 P/E ratio paired with a 9.1% profit margin suggests FOA is actually making money in a sector where that's not always guaranteed. The $22 analyst target price sits 10% above current levels, providing a decent margin of safety even if we get assigned.
The 50.6% implied volatility looks rich compared to what's likely garden-variety post-earnings noise. FOA's 1.70 beta means it moves with conviction, but that volatility premium is exactly what we're harvesting here. With the stock already above its 50-day moving average at $18.97, the technical picture suggests the worst of any recent weakness may be behind us.
Nine days doesn't leave much room for major fundamental shifts, but keep an eye on any follow-up commentary from management or sector-wide credit concerns that could pressure the entire space.
Today's Atlas Trades
JBL — Short Put
- Strike: $320.0
- Expiration: 2026-06-05
- Premium: $8.93
- Stock Price: $337.26
- IV: 43.9%
- Delta: -0.307
- DTE: 30
VRT — Short Put
- Strike: $305.0
- Expiration: 2026-06-05
- Premium: $8.83
- Stock Price: $341.02
- IV: 61.6%
- Delta: -0.230
- DTE: 30
SWK — Short Put
- Strike: $77.5
- Expiration: 2026-05-15
- Premium: $2.36
- Stock Price: $77.46
- IV: 49.0%
- Delta: -0.483
- DTE: 9
ATI — Short Put
- Strike: $155.0
- Expiration: 2026-05-15
- Premium: $4.53
- Stock Price: $155.35
- IV: 49.2%
- Delta: -0.468
- DTE: 9
VIR — Short Put
- Strike: $9.0
- Expiration: 2026-06-18
- Premium: $0.26
- Stock Price: $10.01
- IV: 50.9%
- Delta: -0.235
- DTE: 43
SXI — Short Put
- Strike: $260.0
- Expiration: 2026-05-15
- Premium: $8.22
- Stock Price: $259.64
- IV: 50.2%
- Delta: -0.487
- DTE: 9
EBS — Short Put
- Strike: $9.0
- Expiration: 2026-05-15
- Premium: $0.26
- Stock Price: $9.05
- IV: 50.2%
- Delta: -0.452
- DTE: 9
MRCY — Short Put
- Strike: $75.0
- Expiration: 2026-06-18
- Premium: $2.16
- Stock Price: $82.96
- IV: 49.2%
- Delta: -0.240
- DTE: 43
CVNA — Short Put
- Strike: $355.0
- Expiration: 2026-06-05
- Premium: $11.09
- Stock Price: $379.09
- IV: 51.0%
- Delta: -0.294
- DTE: 30
EYPT — Short Put
- Strike: $12.5
- Expiration: 2026-06-18
- Premium: $0.39
- Stock Price: $13.75
- IV: 50.3%
- Delta: -0.254
- DTE: 43
FOA — Short Put
- Strike: $20.0
- Expiration: 2026-05-15
- Premium: $0.63
- Stock Price: $19.99
- IV: 50.6%
- Delta: -0.482
- DTE: 9