HomeBest options strategy › RACE

Best Options Strategy for RACE

By Yojana Mandon · Updated 2026 · 2 min read · Risk disclaimer

Looking for the best options strategy for Ferrari (RACE)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live RACE option chain right now, and a simple map from your view on RACE to the strategy that fits it. Model any of them in the calculator before you trade.

About RACE

Ferrari (RACE) is a major company in luxury automobiles. Options traders on RACE tend to watch shipment volumes, pricing power and personalisations and earnings, since these can drive large moves in the share price.

Today's top-scoring strategy for RACE

Our engine ranks defined-risk strategies on the live RACE chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.

Long Call Butterfly neutral
Price: $100.00Implied volatility: 18%Expiration: 2026-07-17 (30d)
ActionQtyTypeStrikePremium
BuyCALL$95$5.69
SellCALL$100$2.22
BuyCALL$105$0.55
P/L at expiry vs today At expiry Today ±1σ
$82$100$118
Max Profit
$321
Max Loss
−$179
Net Debit (cost)
$179
Breakeven(s)
$96.79, $103.21
Position Greeks
Δ
0.44
Γ
−5.795
Θ
2.57
ν
−8.57
Time decay (price held)

Simulation

Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.

Win rate
46%
Mean P/L
−$1
Median
−$33
Exp. move (1σ)
5%
5th pct
−$179
25th pct
−$179
75th pct
$152
95th pct
$286

Strategy analysis

Simulated price paths (time × price)
now $100BE $97BE $103$92$100$1090d15d30d
$-173$71$315

Greeks vs price

Δ — $ P/L per $1 move in the underlying (share-equivalent exposure).
Θ — $ P/L per day from time decay.
ν — $ P/L per +1% in implied volatility.
Γ — how fast delta changes per $1 move.

Price × volatility (today)

−30%−15%IV+15%+30%
$125−$179−$179−$179−$178−$178
$120−$179−$179−$178−$176−$174
$115−$178−$176−$171−$165−$158
$110−$162−$149−$137−$127−$120
$105−$57−$54−$55−$60−$65
$100$61$27$1−$20−$37
$95−$66−$62−$63−$67−$72
$90−$169−$160−$150−$141−$134
$85−$179−$178−$176−$173−$170
$80−$179−$179−$179−$178−$178
$75−$179−$179−$179−$179−$179
Analyze RACE in the calculator → Share this pick ↗

Illustrative example at RACE's latest available price, computed with the same engine as the tool. Live option fills and the real IV skew refresh during US market hours.

Implied volatility

RACE typically trades with low implied volatility, which keeps its option premiums relatively cheap. Implied volatility drives option prices, so it is worth checking the live chain before you trade.

Earnings & IV crush

RACE's next earnings report is due around July 30, 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.

Dividend and assignment risk

RACE pays a dividend of about 1.1% a year, so short or covered calls on it carry early-assignment risk around each ex-dividend date — in-the-money calls are most exposed just before the stock goes ex-dividend.

Key figures

Market cap
$66.5B
Beta (vs market)
0.59
52-week range
$312.51–$519.10
Short interest
2.8% of float · 4.6 days to cover

How to choose an options strategy for RACE

Start with your outlook on RACE, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:

Bullish

You expect RACE to rise

Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.

Long Call → Bull Call Spread →

Bearish

You expect RACE to fall

Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.

Long Put → Bear Put Spread →

Neutral

You expect RACE to trade in a range

Sell an iron condor to collect premium while RACE stays between two strikes, or write a covered call against shares you already own.

Iron Condor → Covered Call →

How we pick the best strategy

For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →

Open RACE in the free calculator →

Frequently asked questions

What is the best options strategy for RACE?

It depends on your outlook. Bullish traders often use a long call or bull call spread on RACE; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.

Are RACE options liquid enough to trade?

Ferrari (RACE) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.

How much money do I need to trade RACE options?

Buying a single RACE call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.

Is this financial advice?

No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade RACE or any security. Do your own research.

What does Ferrari do?

Ferrari (RACE) operates in the Auto Manufacturers industry. The "About Ferrari" section above gives a fuller picture of what the company does and how it earns money.

Does Ferrari pay a dividend?

Yes — Ferrari currently pays a dividend yielding about 1.1%. If you hold the shares (for example to write a covered call), the ex-dividend date can trigger early assignment, so check it beforehand.

When does Ferrari next report earnings?

Ferrari's next earnings are expected around July 30, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.

Price trend

Short term · 1M
▲ +5.8%
Mid term · 3M
▲ +7.4%
Long term · 1Y
▼ -24%

Tickers related to RACE

Comparing RACE with similar names can help you choose the best options strategy:

TSLATeslaGMGeneral MotorsFFord Motor

Company information

Headquarters
Via Abetone Inferiore n. 4, Maranello, MO, 41053, Italy
Industry
Auto Manufacturers
Employees
5,740
CEO
Mr. Benedetto Vigna
Phone
39 05 36 94 91 11
Website
www.ferrari.com

Best Options Strategy by Ticker →

Educational use only. Quotes are delayed ~15 minutes and nothing here is financial advice. Options trading involves substantial risk of loss. Privacy · Terms.