Investors in the iShares Inc – MSCI Brazil ETF (Symbol: EWZ) gained new options today, set to expire in June 2027. Notably, a put contract at the $35.00 strike price holds a current bid of $2.00, allowing sellers to potentially acquire shares at a reduced cost basis of $33.00 while offering an approximate 5.71% return if the contract expires worthless, with a current 61% chance of that occurring.
Additionally, a call contract at the $36.00 strike price is available with a bid of $2.64. If investors buy shares at $35.60 and sell this call as a covered call, they could see a total return of 8.54% by expiration, based on the premium collected, despite a 45% chance that the call may expire worthless. Both contracts reflect an implied volatility of approximately 35%.
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