Investors in Bitdeer Technologies Group (BTDR) can now access new options expiring on October 16th, 2023. Notably, a put contract at a $9.00 strike price is currently bid at $1.30, offering investors a potential average cost of $7.70 per share—approximately a 2% discount to the current trading price of $9.21. The odds of this contract expiring worthless are estimated at 62%.
On the calls side, there’s a contract available at an $11.00 strike price, with a bid of $1.00. If shares are bought at $9.21 and this call is sold, the total return—if called away at expiration—would be about 30.29%. This strike represents a 19% premium to the current price, with a 54% chance of expiring worthless. Both options present unique investment opportunities based on market conditions and volatility levels, which for the puts and calls are 116% and 118%, respectively.
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