Investors in Intel Corp (INTC) can now explore new options contracts set to expire on August 12. Notably, a put contract at the $80.00 strike price has a bid of $3.10, allowing an investor to effectively purchase the stock at a reduced cost basis of $76.90, compared to its current trading price of $83.98. This strike price offers an approximate 5% discount, with a 67% likelihood that the contract may expire worthless.
On the call side, a $90.00 strike price call option has a bid of $3.50. If exercised, this could yield an 11.34% return if the stock ascends to $90.00 by the expiration date. Given the 59% chance of this call expiring worthless, investors could retain both the shares and premium, representing a potential 4.17% return. The implied volatility for the put contract stands at 89%, while the call is at 88%, against a trailing twelve-month volatility of 77%.
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