Investors in HF Sinclair Corp (DINO) initiated trading on new options today, with expiration set for October 16. Key contracts noted include a put at a $90.00 strike price, currently bid at $3.60, presenting a potential cost basis of $86.40 per share—about 6% below the current trading price of $96.12. The likelihood of this put contract expiring worthless is estimated at 68%.
On the call side, a contract at the $97.50 strike price is bid at $4.50, offering a total return of 6.12% if exercised by the October expiration. This strike is approximately 1% above the current share price, with a 50% chance of expiring worthless. Implied volatility for both contracts stands at about 45%, while the trailing twelve-month volatility is calculated at 38%.
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