Investors in Accenture plc (NYSE: ACN) gained access to new options expiring in December 2028, with notable contracts available for trading. The $135.00 put option has a current bid of $36.60, allowing sellers to potentially purchase shares at a reduced cost basis of $98.40, compared to the current share price of $141.62. This price represents an approximate 5% discount, with a 71% chance that the contract may expire worthless. If so, the premium would yield a 27.11% return on cash committed, or an annualized 11.26%.
On the calls side, the $145.00 call option has a bid of $38.00. Investing in shares at $141.62 and selling this call could lead to a total return of 29.22% by December 2028, assuming the stock is called away. This strike price reflects a 2% premium to the current trading price, with a 42% probability of it expiring worthless, which would retain both shares and premium for the investor, potentially resulting in a 26.83% extra return, or 11.14% annualized.
Implied volatility for the put is currently at 53% and for the call at 55%, while the actual trailing twelve-month volatility stands at 43%.
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