Meta Platforms Inc. (NASDAQ: META) has introduced new options trading for June 2028, with a notable 892 days until expiration. The analysis indicates a put contract at a $650 strike price currently bids at $120. If sold, this position would imply a purchase commitment at $650, leading to a cost basis of $530 per share, which is advantageous compared to the current market price of $656.02.
For investors considering calls, a contract at the $770 strike price holds a bid of $130. Selling this call after purchasing shares would yield a potential total return of 37.19% by the June 2028 expiration. The probability of these options expiring worthless is about 67% for puts and 44% for calls. Implied volatilities for the put and call contracts are 39% and 38% respectively, with trailing twelve-month volatility at 37%.
