Investors in Meta Platforms Inc (NASDAQ: META) began trading new options contracts today, with expiration set for May 13th. The highlighted put contract is priced at a $665.00 strike with a current bid of $21.75, allowing investors to buy shares effectively at $643.25, a 1% discount from the current trading price of $672.97. The odds of this put contract expiring worthless are estimated at 57%.
Additionally, a call contract at the $680.00 strike has a bid of $25.15. If exercised, it would yield a total return of 4.78% for investors purchasing shares at the current price. There’s a 51% chance this call option may also expire worthless. The implied volatility for both contracts is approximately 55%.
The current stock price stands at $672.97, with the anticipated premium returns calculated at 3.27% for the put and 3.74% for the call, translating to annualized yields of 79.59% and 90.94%, respectively.
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