Investors in Rollins, Inc. (Symbol: ROL) gained access to new options today, with put contracts expiring on October 17th. Notably, a $57.50 strike price put contract has a current bid of $1.00, allowing investors to potentially acquire shares at an adjusted cost of $56.50, compared to the current trading price of $58.08.
The $57.50 strike represents a 1% discount to the market price and carries a 58% probability of expiring worthless, based on current analytical data. If the contract expires worthless, the premium could yield a 1.74% return on the cash commitment, equating to an annualized 9.92% return.
Implied volatility for this contract is 27%, while the actual trailing twelve-month volatility is calculated at 21% based on the last 250 trading days.
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