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Investors in Core Scientific Inc (CORZ) can now trade new options set to expire on October 24th. A notable put contract at the $11.50 strike price has a current bid of 19 cents, offering a potential cost basis of $11.31 for shares, representing a 16% discount from the current price of $13.62.
Additionally, a call contract at the $16.50 strike price is available with a bid of 17 cents. If shares are purchased at $13.62 and the call is sold, the total return could reach 22.39% if the stock is called away at expiration. Currently, there is a 59% chance this call could expire worthless, allowing investors to retain both their shares and the premium.
Implied volatility for the put is 123%, while the call sits at 115%. Actual trailing twelve-month volatility is calculated at 87% based on the last 250 trading days.
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