Investors in KLA Corp (KLAC) were presented with new options today, set to expire on November 20th, offering potential strategies for both selling puts and calls. The put contract at the $1780 strike price has a current bid of $252, allowing sellers to establish a cost basis of $1528 per share, approximately 15% lower than the current trading price of $1799.22. There’s a 61% probability that this put contract could expire worthless, potentially yielding a 14.16% return on the cash commitment.
On the calls side, a $1880 strike call contract holds a current bid of $256.10, which could provide an 18.72% total return if KLA shares are called away at expiration. This call also has a 45% chance of expiring worthless, allowing investors to retain shares and the premium received. Both contracts exhibit an implied volatility around 55%, while the trailing twelve-month volatility is calculated at 45%.
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