Investors in Alphabet Inc (GOOGL) saw new options available for trading today, with expiration set for June 3rd. Notably, a put contract at the $385.00 strike price is currently offered at a bid of $6.45, allowing investors to effectively purchase shares at a net cost of $378.55—about a 2% discount from the current trading price of $391.50.
Meanwhile, a call contract at the $395.00 strike price has a bid of $9.15. If exercised, this could yield a total return of 3.23% if GOOGL shares are called away by expiration. Both contracts indicate a potential risk of expiring worthless, with current odds estimated at 62% for the put and 53% for the call. The implied volatility for both contracts is approximately 34%.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
