Investors in Entergy Corp (NYSE: ETR) can now access new options contracts for the November 20, 2023 expiration, offering potential opportunities for higher premiums due to a 221-day time frame until expiration. The notable put contract at a $115.00 strike price is currently bid at $6.00, allowing sellers to potentially achieve an attractive effective share purchase price of $109.00, compared to the current share price of $115.73.
On the call side, a $120.00 strike price contract is bid at $5.10. If exercised, it could yield a total return of 8.10% based on the current stock price, with a 53% chance of expiring worthless. This would allow the investor to keep both their shares and the premium. The implied volatility for the put and call contracts stands at 25% and 24%, respectively, while the trailing twelve-month volatility is calculated at 19%.
