Entegris Inc (Symbol: ENTG) has begun trading new options for December 2028, offering investors potential opportunities due to the lengthy 844-day expiration period. A notable put option is available at a $135.00 strike price with a current bid of $45.50, allowing investors to effectively lower their cost basis to $89.50 per share, compared to the current trading price of $135.72. This represents an attractive 1% discount and a 73% chance of expiring worthless, which could yield a 33.70% return on cash committed, or 14.57% annualized.
On the call side, there is a $175.00 strike option with a bid of $46.20. If an investor purchases ENTG shares at $135.72 and sells this call, they could achieve a total return of 62.98% if the stock is called away by expiration. The strike price represents a 29% premium over the current price, with a 36% chance of expiring worthless, allowing the investor to retain both shares and premium, resulting in a 34.04% boost to returns or 14.72% annualized.
The implied volatility for the put option is 71%, while the call is at 70%. The actual trailing twelve-month volatility is calculated at 67% based on the last 250 trading days.
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