Unearthing Lucrative Possibilities
Investors in Cellebrite DI Ltd (CLBT) have been presented with a tantalizing array of choices this week as new options for the May 17th expiration have emerged. The Stock Options Channel has diligently scoured the CLBT options chain for these contracts and zeroed in on one put and one call contract that stand out amidst the rest.
The put contract at the $10.00 strike price beckons with a current bid of 15 cents. Selling-to-open this contract locks in the purchase price at $10.00, cushioned by the premium, potentially snagging the shares at a cost of $9.85 (pre-broker commissions). For an investor eyeing CLBT shares, this presents a compelling departure from the current $11.33/share price tag.
Hovering at an approximate 12% discount relative to the stock’s current price, the $10.00 strike offers a shot at a timely bargain but also carries a 78% chance of expiring worthless. The alluring 1.50% return on cash commitment or 10.74% annualized could be a siren call for savvy investors eyeing the “YieldBoost.”
Insights from Historical Trends
Examining the trailing twelve-month trading history accentuates the stark positioning of the $10.00 strike within CLBT’s past price movements, as depicted vividly in the accompanying chart.
Shifting to the calls end of the option spectrum, the $15.00 strike call contract emerges with a current bid of 10 cents. Nestled in a covered call scenario where the stock gets called away at $15.00 on May 17th, enthusiasts could relish a total return of 33.27% (excluding dividends) post-premium collection – a proposition not to be sniffed at.
The $15.00 strike, sporting a hefty 32% premium to the current trading price, manifests both potential and a 77% likelihood of expiring worthless. The 0.88% additional return or 6.32% annualized, tagged as the “YieldBoost,” sweetens the pot for discerning investors.
Volatility and Market Realities
With the put and call contract examples flaunting implied volatilities of 58% and 79%, the verve of these options is palpable. In the realm of actual trailing twelve-month volatility at 38%, a metric derived from the last 251 trading days’ closing values juxtaposed with today’s price ($11.33), a more grounded perspective emerges.
For more enticing put and call options insights, delve into StockOptionsChannel.com to unearth a treasure trove of possibilities.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
