Just noticed MTN's October options just went live today, and there's some interesting setups worth looking at. With 239 days to expiration, the premiums are pretty juicy compared to closer-dated contracts.

The October $140 put is bid at $16 right now. If you sell that, you're basically buying MTN at $124 effective price after the premium, versus paying $142.28 today. There's about a 58% chance it expires worthless, which would lock in an 11.43% return or 17.46% annualized — pretty solid for just collecting premium. Stock's only 2% above that strike, so it's a reasonable entry if you're bullish.

On the call side, the $145 October call is trading at $15. Run a covered call against it and you're looking at a 12.45% total return if assigned, or 10.54% extra yield if it expires worthless (47% odds on that). The 2% cushion above current price gives you some breathing room.

Implied vol is sitting around 42% while realized vol over the last year is 35%, so there's some premium baked in. Definitely worth checking out if you're running an October quotes strategy or looking for income plays.