Investors in Celestica Inc (CLS) have new options available for June 2027 expiration, with 353 days until expiration. Notably, a put contract at the $320.00 strike price currently has a bid of $86.00, allowing sellers to potentially maintain a cost basis of $234.00 if exercised, providing a 26.88% return on cash commitment if it expires worthless.
On the calls side, a $400.00 strike call contract has a bid of $92.00. If investors purchase shares at the current price of $324.11 and sell the call, they commit to selling at $400.00. This strategy could yield a 51.80% total return by June 2027, with a 39% chance of the contract expiring worthless, allowing investors to retain shares and premium.
Implied volatility for the put is 86% and for the call, 85%. The actual trailing twelve-month volatility stands at 74%, presenting potential investment strategies in Celestica’s options market.
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