Investors in Regal Rexnord Corp (RRX) can now trade new options contracts set to expire on September 18. Notable among these are a put contract at a $210 strike price, currently bidding at $16.50, which offers a cost basis of approximately $193.50 if exercised. This represents about a 2% discount from the current trading price of $214.58. The odds of this contract expiring worthless are estimated at 60%.
Additionally, a call contract at a $220 strike price has a current bid of $17.00. Investors purchasing shares at the current price could yield a total return of 10.45% if the stock is called away at expiration. The likelihood of this contract expiring worthless is approximately 48%. The implied volatility for the put contract is 59%, while the call contract shows an implied volatility of 56%.
For further details, Regal Rexnord’s stock history is being tracked, providing insights into potential trading strategies for both put and call options.
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