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Investors in Lineage Inc (Symbol: LINE) have seen new options trading commence this week for contracts expiring on December 19th. Notable among these is a put contract at a $40.00 strike price, currently bid at 45 cents, which entails a commitment to purchase the stock at that price while potentially lowering the effective cost basis to $39.55. This represents a 1% discount from the current trading price of $40.43 per share.
The likelihood of the $40.00 put contract expiring worthless is estimated at 55%, potentially yielding a 1.12% return on the cash commitment or 6.95% annualized. Meanwhile, a call contract at the $45.00 strike price is bid at 90 cents, indicating a potential 13.53% return if the stock is called away at expiration. This strike is approximately 11% above the current trading price, with estimated odds of expiration at 65%.
The implied volatility for the put and call contracts is 38% and 56%, respectively, while the trailing twelve-month volatility is calculated at 37%. Access to more options insights can be found on StockOptionsChannel.com.
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