Investors in the State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) will now have new options available with an expiration date of June 2027. Notably, the put contract priced at $518.00 has a current bid of $24.50, enabling sellers to potentially lower their effective purchase price to $493.50 per share, assuming they sell-to-open the contract. This represents about a 1% discount from the current trading price of $523.62.
On the call side, the $536.00 strike price call contract has a bid of $32.00, offering an approximate total return of 8.48% if the stock is called away at expiration. The $536.00 strike represents a 2% premium over the current price, with a 49% chance the contract could expire worthless, thereby allowing investors to retain both their stock and the premium collected. Implied volatilities for the put and call contracts stand at 16% and 17% respectively.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
