Investors in Modine Manufacturing Co (MOD) gained access to new options with a December 2027 expiration today, allowing potential for higher premiums due to an extended time value of 548 days until expiration. The $290.00 put contract currently bids at $96.50, allowing sellers to effectively buy shares at $193.50 after premium, presenting a 1% discount from the current trading price of $292.24.
On the call side, a $340.00 strike price contract has a bid of $99.50. If purchased at the current share price and sold as a covered call, total returns could reach 50.39% by expiration, assuming the stock is called away. Both contracts present significant implications, with a 71% chance of the put expiring worthless and a 35% chance for the call, according to current analyses. Implied volatility stands at approximately 81%, while trailing twelve-month volatility is calculated at 66%.
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