Investors in Core Scientific Inc (CORZ) have new options trading available for expiration on September 18th, providing opportunities for put and call options. Notably, the $17.00 put contract has a bid of $3.75, enabling investors to buy stock effectively at $13.25 if exercised, representing a potential 22.06% return on cash commitment if the contract expires worthless, with current odds of this happening at 67%.
On the calls side, the $18.00 call contract is priced at $4.25. If held to expiration, investors purchasing shares at the current price of $17.89 would see a return of 24.37% if the stock is called away. However, there’s a 36% chance that the call will expire worthless, allowing investors to keep both the shares and the premium.
The implied volatility for the put option is 86%, while for the call option it is 85%, aligning closely with the trailing twelve-month volatility of 85% based on recent trading data.
