New options for Cencora Inc (Symbol: COR) began trading today, with contracts set to expire on October 17th. A put contract at the $290.00 strike price has a current bid of $7.30, offering a potential cost basis of $282.70 for investors purchasing shares through this method, which represents about a 1% discount to the current trading price of $291.54.
The probabilities indicate a 55% chance that this put contract could expire worthless. Conversely, a call contract at the $300.00 strike price has a bid of $4.60, with a potential total return of 4.48% if shares are called away at expiration. This strike represents a 3% premium to the current price, with a 61% chance of expiring worthless.
Both contracts exhibit an implied volatility of approximately 21%. The analysis reflects a trailing twelve-month volatility of 21% as well, confirming consistency in Cencora’s trading behavior.
