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New options for AT&T Inc. (Symbol: T) were made available today, with an expiration date of November 21st, offering a potential opportunity for investors due to the 101 days until expiration. One notable put contract is priced at a $28.00 strike, with a current bid of $1.00, allowing investors to effectively reduce their cost basis to $27.00 per share.
This $28.00 strike price represents a 2% discount to AT&T’s current trading price of $28.47. Current analytics suggest a 60% chance that the put contract may expire worthless, yielding a potential return of 3.57% on cash commitment, or an annualized return of 12.90% if it does so.
The implied volatility for the mentioned put contract is 24%, with the actual trailing twelve month volatility calculated at 23% based on the last 250 trading days.
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