Investors in Cardinal Health, Inc. (Symbol: CAH) gained access to new February 2026 options today. A notable put contract is available at a $200.00 strike price, with a current bid of $3.10. If sold to open, this contract would allow investors to buy the stock at $200.00, effectively reducing the purchase price to $196.90 after accounting for the premium received. This represents a 4% discount from the current trade price of $207.47 per share, with a 67% chance of the put contract expiring worthless.
On the calls side, a contract at a $210.00 strike price is also offered, currently bid at $5.40. If an investor buys shares at $207.47 and sells this covered call, they could achieve a total return of 3.82% at expiration. The $210.00 strike is approximately 1% above the current trading price, with a 51% probability that the contract remains unexercised, allowing investors to keep both the shares and the premium.
The implied volatility for the put contract is 30%, and for the call contract, it is 28%. The trailing twelve-month volatility for CAH is measured at 26%.
