long-dated options play on buybacks, LNG, and trading profits.
Shell is a buy via long-dated options through December 2030 — benefits from elevated LNG prices, a profitable trading arm, and a planned 40% share buyback by 2030.
Shell's trading arm drives significant profits alongside its LNG portfolio, both benefiting from elevated energy prices. A planned 40% float buyback by 2030 provides downside support. Cheap long-dated options (Dec 2030) offer asymmetric upside with low volatility cost.