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New options for Amazon.com Inc (AMZN) began trading today with expiration set for November 28th. Notably, a put contract at the $220.00 strike price boasts a current bid of $9.75, offering a potential cost basis of $210.25 for investors interested in purchasing AMZN shares at the current price of $222.07.
The $220.00 strike represents a 1% discount to the current trading price, with a 58% chance of expiring worthless. Meanwhile, a call contract at the $225.00 strike price has a bid of $11.55, potentially providing a 6.52% return if the stock is called away by the expiration date, alongside a 49% probability of expiring worthless.
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