Investors in Microsoft Corporation (MSFT) now have access to new options set to expire on February 9, 2024. Notable contracts include a put option with a strike price of $465.00, which has a current bid of $11.70, and a call option with a strike price of $475.00, with a current bid of $11.65. The current trading price of MSFT is $470.04.
The $465.00 put option represents about a 1% discount from the current price, and there’s a 57% chance it could expire worthless, providing a potential 2.52% return or 65.60% annualized if it does. Conversely, the $475.00 call option also carries a 1% premium and has a 54% likelihood of expiring worthless, resulting in a potential 2.48% return or 64.62% annualized. Both contracts have an implied volatility of approximately 39%, while the trailing twelve-month volatility stands at 24%.
