Investors in Capital One Financial Corp (COF) have new options available as of today, with contracts expiring on July 31. A notable put contract is available at a $170 strike price, currently bidding at $4.70, allowing investors to potentially purchase shares at a net cost of $165.30, representing a 3% discount from today’s trading price of $174.66.
On the call side, a contract at the $180 strike price is listed at $6.90. If investors buy COF at $174.66 and sell this call, they could secure a total return of 7.01% if the stock is called away at expiration. The current odds of the put contract expiring worthless stand at 63%, while the odds for the call contract are at 53%.
Implied volatility for the put is noted at 37%, while the call’s implied volatility is at 42%. The historical volatility of COF over the past 251 trading days is calculated at 31%.
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