Investors in Iron Mountain Inc (IRM) can now trade new options with a March 27 expiration, featuring a put contract at an $88.00 strike price, currently bid at $2.55. This setup allows investors to effectively purchase the stock at a cost basis of $85.45, a potential 1% discount from the current trading price of $89.30. The probability of the put contract expiring worthless stands at 56%, offering a potential 2.90% return on cash commitment, equating to a 21.17% annualized yield.
On the call side, a $90.00 strike price contract is bid at $2.50, allowing investors who buy shares at $89.30 to potentially sell at $90.00. If exercised at expiration, this would yield a 3.58% total return (excluding dividends). The odds of the call contract expiring worthless are estimated at 50%, providing a 2.80% return boost, or 20.45% annualized, should it not be exercised. The implied volatility for the put contract is 39%, while for the call it is 38%.
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