Investors in TC Energy Corp (Symbol: TRP) saw new options trading begin today for contracts expiring on June 18, 2023. Among these, a put option with a $62.50 strike price has a current bid of $0.30, allowing sellers to effectively acquire shares at a cost basis of $62.20, representing a 2% discount from the current share price of $63.98. The likelihood of this put option expiring worthless is estimated at 60%, potentially yielding a 0.48% return on cash commitment.
On the call side, a $65.00 strike price option is available with a bid of $0.15. If shares are purchased at $63.98 and the call is sold, investors could achieve a 1.83% return if the stock gets called away by expiration, despite a 54% chance of the option expiring worthless. The implied volatility for the put is currently at 26%, while the call is at 22%, with actual trailing twelve-month volatility calculated at 20%.
