Investors in Intel Corp (INTC) can now trade new options with an expiration date of August 17, 2023. A noteworthy put contract at the $85.00 strike price has a current bid of $4.15, allowing investors to buy the stock at that price while netting a cost basis of $80.85, which is a 7% discount from the current share price of $87.23. The odds of this put contract expiring worthless stand at approximately 61%.
On the call side, a notable contract at the $90.00 strike price has a bid of $4.55. Should investors buy shares at the current price and sell this covered call, they could achieve an 8.39% total return if the stock is called away. The chance of this call contract expiring worthless is approximately 52%. Implied volatility for the put contract is at 89%, while the call contract’s is 84%, compared to an actual trailing twelve-month volatility of 77%.
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.
