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Galaxy Digital Inc (GLXY) has introduced new options today with a January 2026 expiration. A notable put contract is available at a $28.00 strike price, currently bidding at $2.50, allowing investors to potentially lower their cost basis to $25.50 per share, compared to the current price of $29.51. This represents approximately a 5% discount from the current trading price, with a 66% chance of the contract expiring worthless.
Additionally, there’s a call contract at a $37.00 strike price, bidding at $0.75. This contract enables investors buying shares at $29.51 to commit to sell at $37.00, providing a potential return of 27.92% if exercised. However, there’s a 64% chance that this contract could also expire worthless. The implied volatility is 91% for the put and 97% for the call, while the actual trailing volatility is calculated at 85%.
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