Investors in GoDaddy Inc (GDDY) have new options available for the August 8th expiration. Notable contracts include a put at the $175.00 strike price, currently bid at $4.90, allowing investors to potentially acquire shares at an adjusted cost basis of $170.10, representing a 1% discount from the current price of $176.60. There is a 57% chance this put could expire worthless, offering a 2.80% return on cash commitment if it doesn’t (23.77% annualized).
On the calls side, a contract at the $180.00 strike price is bid at $4.80, providing a total return of 4.64% if shares are called away. The $180 strike represents a 2% premium over the current stock price, with a 53% chance it may expire worthless, yielding a 2.72% boost if this occurs (23.07% annualized). Both contracts show implied volatility of approximately 33%.
