Investors in GE Vernova Inc (GEV) have new options available for trading with an expiration date of August 21, 2023. A put contract at the $940 strike price has a current bid of $85, allowing an investor to purchase GEV shares effectively at $855, a 9.04% return on cash commitment if it expires worthless, with a 57% likelihood of that happening.
Additionally, there is a call contract at the $960 strike price, with a bid of $87.70. Selling this as a covered call while buying shares at the current price of $946.52 could yield a total return of 10.69% if exercised, though there’s a 46% chance it could expire worthless, leaving the investor with both the shares and the premium. Implied volatility is noted at 54% for the put and 52% for the call, while actual trailing volatility is calculated at 48%.
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