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Investors in the Ishares Ethereum Trust ETF (Symbol: ETHA) saw new options trading commence today for contracts expiring on December 26. Notably, a put contract at the $24.50 strike price has a current bid of $2.31, allowing sellers to potentially acquire shares at an effective cost basis of $22.19, compared to the current market price of $24.97.
On the call side, a contract at the $26.00 strike price is trading at a bid of $2.52. If shares are purchased at $24.97 and the call is sold, investors could earn a total return of 14.22% if the stock is called away by expiration. The probability of both options expiring worthless is approximately 60% for the put and 48% for the call.
Current implied volatility for the put contract is 78% and for the call contract is 79%, while actual trailing twelve-month volatility is calculated at 76%.
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