C.H. Robinson Worldwide, Inc. (CHRW) has initiated trading for new options contracts with a July 17 expiration, offering investors opportunities in both puts and calls. The put contract at a $200 strike has a bid of $16.10, which translates to a potential cost basis of $183.90 if executed. This represents a 1% discount to the current trading price of $201.81, with a 58% chance of expiring worthless, potentially yielding an 8.05% return.
On the call side, the $210 strike contract has a current bid of $14.70. If an investor buys shares at $201.81 and sells this covered call, they could realize an 11.34% return if the stock is called away. This strike price is approximately 4% above the current market price, with a 51% chance of expiring worthless, giving a potential yield boost of 7.28%.
Implied volatility for the put contract stands at 37%, and for the call, it is at 35%. The actual trailing twelve-month volatility is calculated at 35%.
