Investors in iShares Trust – iShares Russell 2000 ETF (IWM) saw new options available today for June 2027 expiration. Notably, a put contract at a $297.00 strike price has a current bid of $20.97, allowing a cost basis of $276.03 per share if sold. This represents a potential 7.06% return on the cash commitment if the contract expires worthless; the chances of this occurring are estimated at 62%.
On the call side, a $314.00 strike price has a bid of $22.00. Selling this as a covered call while holding shares means committing to sell at that price, potentially yielding an 11.31% return if the stock is called away. The likelihood of this contract expiring worthless is currently about 49%. The implied volatility for the put is 24%, while for the call it is 22%. The current trading price of IWM stands at $301.86.
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