Investors in MasTec Inc. (MTZ) are now able to trade new options contracts set to expire in September 2027. The $210 put contract currently has a bid of $39.80, allowing sellers to potentially lower their purchase cost to $170.20 per share, compared to the current market price of $215.57. The put strike represents a 3% discount, with a 66% chance of expiring worthless, which would yield an 18.95% return on cash commitment — about 19.16% annualized.
On the calls side, the $240 call contract is trading with a bid of $43.10. Selling this covered call while owning shares at $215.57 could deliver a total return of 31.33% if exercised. The call strike is approximately 11% above the current price, carrying a 43% chance of expiring worthless, which would result in a 19.99% additional return, or 20.22% annualized. Implied volatility for the put is 59%, while the call stands at 60%.
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