Investors in Core Scientific Inc (CORZ) gained access to new options today with an expiration date of April 24th. A notable put contract at a $13.50 strike price is currently trading at a bid of 76 cents, offering a potential cost basis of $12.74 for investors willing to commit to buying shares at that price, compared to the current market price of $15.60. This put option reflects a 13% discount to the current trading price, with a 72% likelihood of expiring worthless.
On the call options side, a contract at the $17.00 strike price has a bid of $1.13. If an investor buys shares at $15.60 and sells the call, it could yield a total return of 16.22% if exercised by April 24th, despite a 54% chance of expiring worthless. Current implied volatilities are 95% for the put and 89% for the call, while historical volatility over the past year is calculated at 76%.
