Noteworthy EVRG Put and Call Options Set for June 2026
Put Contract Analysis: The $60.00 put contract for EVRG has a bid of 20 cents, allowing investors to buy shares at a cost basis of $59.80, which is a 23% discount from the current price of $78.09. There is an 86% chance the contract may expire worthless, offering a potential 0.33% return on cash commitment.
Call Contract Overview: The $80.00 call contract has a bid of $1.75, providing a 4.69% total return if the stock is called away at expiration. There is a 53% chance this contract may also expire worthless, allowing investors to keep both the shares and the premium, resulting in a potential 2.24% extra return.
Volatility Insights: The implied volatility for the put contract is 34%, while the call contract has an implied volatility of 19%. The actual trailing twelve-month volatility is calculated at 17%.
YieldBoost Concept: Both put and call contracts offer a "YieldBoost," with the put providing a 0.50% annualized return and the call offering a 3.39% annualized return if they expire worthless.
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Analyst Views on EVRG
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- Monetary Policy Balance: As Fed Chair Powell's tenure approaches its end, the market is keenly focused on his performance in balancing maximum employment and stable prices, especially with the upcoming release of the latest meeting minutes, marking one of his final meetings in office.
- Interest Rate Challenges: During Powell's leadership, the Fed has navigated emergency interventions and an aggressive rate-hiking cycle, with the benchmark rate rising from near zero to over 5%; despite initially viewing inflation as 'transitory,' achieving a 'soft landing' for the economy will be a key part of his legacy.
- Market Reaction Expectations: Investors are optimistic about the upcoming personal consumption expenditure data, although the cooler-than-expected CPI could impact the Fed's interest rate outlook, with markets currently pricing in only two quarter-point cuts for the year.
- Industry Dynamics Observation: As concerns over AI disruption grow, stocks in software, finance, and real estate have seen declines, prompting investors to search for the next potentially affected sectors, with Walmart and Deere's upcoming earnings reports likely to be focal points for market attention.
- Earnings Release Schedule: Evergy, Inc. will announce its Q4 2025 earnings before market open on February 19, 2026, reflecting the company's ongoing performance and developments in the energy sector.
- Conference Call Details: The company plans to host a quarterly conference call at 9:00 AM Eastern on the same day, requiring analysts to register in advance to obtain dial-in information, ensuring timely and accurate communication of results.
- Supplemental Financial Information: Following the earnings release, Evergy will provide supplemental financial information related to its Q4 2025 performance on its website, enhancing transparency and supporting investor decision-making.
- Company Mission and Vision: Serving 1.7 million customers, Evergy is committed to delivering affordable, reliable, and sustainable energy, aiming to enhance customer energy management experiences through innovation and adaptability, thereby fostering community prosperity and growth.
- Earnings Momentum Ratings: Among large-cap utility stocks, Ørsted A/S and National Grid plc received an EPS revision grade of F, indicating significant downward pressure on analyst expectations for future earnings, which could lead to decreased investor confidence.
- Market Focus: Veolia Environnement SA and EDPR, S.A. also received EPS revision grades of F and D, respectively, highlighting that these companies are under greater earnings pressure, potentially impacting their stock performance and market competitiveness.
- Industry Trends: Evergy, Inc. and Duke Energy Corporation received D+ ratings, reflecting a broader weakening of earnings momentum in the utility sector, which may reduce investor interest in this industry.
- Investor Caution: As earnings season unfolds, market scrutiny on utility stocks intensifies, particularly for those with lower ratings, which may prompt investors to reassess associated risks.
- Oil Price Decline: Over the past year, oil prices have broadly decreased by approximately 20%, primarily due to oversupply in the U.S. and increased production from OPEC, leading to underperformance of energy stocks in 2025, prompting investors to approach the market with caution.
- U.S. Production Dynamics: U.S. oil production peaked in 2014, and despite current prices around $60, many producers can still operate profitably at $40, demonstrating the industry's resilience and adaptability to market conditions.
- Geopolitical Impact: The escalating situation in Venezuela could psychologically affect U.S. oil prices, even though only 3-4% of U.S. oil is imported from there, but market sentiment may still be influenced, particularly regarding investments in companies like Chevron.
- Renewable Energy Challenges: While renewables remained the largest source of new energy in 2025, policy risks and market dynamics have weakened investor confidence in this sector, especially within the U.S. market.

- Repurchase Agreement: Evergy has entered into agreements to repurchase approximately $302.5 million worth of its 4.50% Convertible Notes, totaling $244.1 million in principal, expected to close shortly after January 7, 2026, enhancing the company's financial flexibility.
- Debt Structure Optimization: Following the repurchase, Evergy will have approximately $1.1559 billion of Convertible Notes outstanding, aiming to improve its capital structure and enhance future financing capabilities by reducing debt burden.
- Market Reaction Expectations: Evergy anticipates that note holders may engage in various derivatives transactions to hedge their exposure, which could lead to stock volatility during the repurchase period, impacting market sentiment.
- Strategic Implications: This repurchase not only reduces interest expenses but also provides Evergy with additional capital for future investments and operations, further advancing its sustainable energy transition efforts.
- Dividend Kings Recommendation: AbbVie (ABBV), a pharmaceutical company with a market cap of $405 billion, offers a 3% dividend yield despite facing a patent cliff, indicating strong recovery potential in the healthcare sector.
- Coca-Cola's Stability: Coca-Cola (KO), valued at $301 billion and boasting 30 billion-dollar brands, provides a 2.9% dividend yield, reflecting its robust competitive position in the global beverage market.
- Walmart's Market Position: Walmart (WMT), with a market cap of $888 billion, has a lower dividend yield of 0.8%, yet its extensive retail presence and growth potential make it a reliable long-term investment choice.
- Attractiveness of Realty Income: Realty Income (O), valued at $52 billion, offers a 5.7% dividend yield with monthly payouts, making it highly appealing to investors and showcasing its strong performance in the REIT sector.







