Investors in Meta Platforms Inc. (Symbol: META) will see new options trading for expiration on February 11, 2023. Notably, a put contract at a $660.00 strike price has a current bid of $23.45, offering an effective purchase price of $636.55 per share, a 2% discount from the current trading price of $670.83.
Additionally, a call contract at the $675.00 strike price is available with a current bid of $22.40. If executed, it would result in a total return of 3.96% if the stock is called away at expiration. The odds of both contracts expiring worthless are estimated at 56% for the put and 53% for the call. Implied volatility for both contracts is around 50%, while the actual trailing twelve-month volatility is calculated to be 38%.
