Investors in PACS Group Inc (Symbol: PACS) can now trade new options set to expire on August 15th. Notably, a put contract at a $12.50 strike price has a current bid of 35 cents, allowing investors to potentially purchase shares at a cost basis of $12.15 after collecting the premium.
The $12.50 strike price offers an approximate 2% discount to PACS’s current trading price of $12.77. Analysts estimate a 61% probability that the put contract may expire worthless. If it does, this could yield a 2.80% return based on the cash commitment, or an annualized return of 17.62%.
The implied volatility for this put contract is 97%, while the trailing twelve-month volatility is calculated at 78% based on the last 250 trading days and the current price.
