Investors in Meta Platforms Inc (NASDAQ: META) can now trade new options set to expire in December 2028. With 1,059 days until expiration, these contracts provide potential opportunities for higher premiums compared to shorter-term options. Notably, a put contract with a strike price of $600 has a current bid of $118, effectively lowering the cost basis to $482 if exercised, given today’s market price of $606.39.
On the call side, a call contract at a $720 strike price is offered at $134.75. Should an investor buy shares at the current price and sell this call, they are committing to sell the shares at $720, which could yield a total return of 40.96% if the stock is called away by expiration. However, there’s a 42% chance the call may expire worthless, allowing the investor to retain both the shares and the premium.
Key metrics include an implied volatility of approximately 39% for both put and call contracts, with actual trailing volatility for the past twelve months calculated at 37%.
