Investors in NICE Ltd (Symbol: NICE) have new options available for trading with an expiration date set for August 2026. The put contract at a $110.00 strike price has a current bid of $11.40, allowing investors to commit to purchase shares at that price while collecting a premium, effectively lowering their cost basis to $98.60. This represents a potential saving of approximately 12.1% compared to the current trading price of $113.25.
On the call side, the $120.00 strike call contract has a current bid of $12.50, providing a total return of 17.00% if the stock is called away at expiration. The $120.00 strike is an approximate 6% premium over the current trading price. Investors have a 48% chance of this call contract expiring worthless, which would allow them to retain both their shares and the collected premium. Both options feature an implied volatility of around 43%.
