TC Energy Corp (TRP) has introduced new options expiring on December 18, offering potential opportunities for investors. The new contracts include a put option with a $60.00 strike price, currently bid at 50 cents, potentially allowing sellers to buy shares effectively at $59.50. This represents a 1% discount to TRP’s current trading price of $60.63, with estimated odds of the option expiring worthless at 56%.
Additionally, a call option at a $62.50 strike price is available with a bid of 35 cents. This covered call, if executed, could yield a total return of 3.66% if TRP shares are called away by expiration. The current odds of this option expiring worthless are projected at 58%.
The implied volatility for both put and call contracts is around 25%, while the actual trailing twelve-month volatility is calculated at 19%. Investors can track this data and other options using Stock Options Channel.
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