Investors in CRH plc (Symbol: CRH) gained access to new options today, set to expire on September 11th. A notable put option at a $98.00 strike price has a current bid of $2.80, offering a potential effective purchase price of $95.20 per share if executed. This reflects approximately a 1% discount from the current trading price of $98.95. The odds of this contract expiring worthless are estimated at 56%.
On the call side, a $100.00 strike price call option is available with a bid of $3.20. If an investor buys shares at $98.95 and sells this call option, they could realize a return of 4.30% if the option is exercised. This call option is also out-of-the-money by 1%, with a 50% likelihood of expiring worthless, allowing the investor to keep both shares and the premium, representing a 3.23% boost to returns. The implied volatility for the put is 38%, while for the call, it is 41%.
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