Investors in AngloGold Ashanti plc (Symbol: AU) can now explore new options expiring on June 18. The notable put contract has a $105.00 strike price with a current bid of $7.10, allowing investors to potentially acquire shares at a cost basis of $97.90, representing a 3% discount from the current trading price of $108.30. Analysts indicate a 60% chance that the put may expire worthless, offering a projected return of 6.76% on the cash commitment, or 38.56% annualized.
On the call options side, a contract with a $110.00 strike price offers a bid of $7.80, allowing investors to engage in a covered call strategy that could yield an 8.77% return if shares are called away at expiration. This call is approximately 2% above the current share price, with a 47% chance of expiring worthless and providing a 7.20% additional return, or 41.08% annualized.
Implied volatility for the put is 60%, while the call’s implied volatility stands at 58%. The actual trailing twelve-month volatility is calculated at 57%, based on the last 250 trading days and the current price of $108.30.
