“`html
Arthur J. Gallagher & Co. (Symbol: AJG) began trading new options for February 2026 today. The $240.00 put contract has a current bid of $7.10, allowing an investor to commit to purchasing shares at that price with an effective cost basis of $232.90. This represents about a 2% discount from the current trading price of $244.22, with a 62% chance that the put may expire worthless, yielding a 2.96% return on cash commitment or 13.50% annualized.
On the call side, a $250.00 strike call contract is currently bid at $9.90. If AJG stock is bought at $244.22 and the call is sold as a “covered call,” the potential return is 6.42% if exercised, with a 50% chance of it expiring worthless, allowing the investor to keep both the shares and the premium, resulting in a potential 4.05% return or 18.50% annualized. Both contracts’ implied volatility stands at approximately 28%.
“`
