Investors in Salesforce Inc (CRM) saw new options trading begin today for contracts expiring in May 2026. A put contract at a $250.00 strike price has a current bid of $18.15, allowing a potential cost basis of $231.85 for acquiring shares, representing a 9% discount to today’s trading price of $273.55. The probability of this put expiring worthless is currently estimated at 70%.
On the call side, a call contract at a $290.00 strike price has a current bid of $27.65. If shares are bought at $273.55 and the call is sold, the total return (excluding dividends) could reach 16.12% at expiration, although there’s a 48% chance it could also expire worthless, allowing investors to keep both shares and premium.
The implied volatility for the put contract is 34%, while for the call it stands at 33%. Today’s stock price is $273.55, with trailing twelve-month volatility calculated at 32% based on recent trading values.
