New Options for Argenx (ARGX) Available Starting October 16th

Investors in argenx SE (Symbol: ARGX) saw new options trading today, specifically for October 16th expiration. The newly available contracts allow for potential premium opportunities, with the put contract at a $900.00 strike price currently featuring a bid of $54.30. Selling this put obligates an investor to buy shares at $900.00, effectively reducing the cost basis to $845.70, while the current share price is $923.68.

Additionally, the call contract at the $940.00 strike price is listed with a current bid of $64.00. If purchased at the current price and sold as a covered call, this would yield an 8.70% return if the stock is called away at expiration. The $940.00 strike represents a 2% premium over the current trading price. Both contracts’ expiry possibilities suggest a 61% chance for the put to expire worthless and a 48% chance for the call to do the same, with respective annualized returns of 26.22% and 30.11% if expired without execution.

Implied volatility for the put is 41%, and for the call, it is 40%. The actual trailing twelve-month volatility is calculated at 32%, based on 251 trading days leading up to the current price of $923.68.