Investors in the iShares Silver Trust (Symbol: SLV) have new options available as of today, with expiration set for April 8. A notable put contract at the $61.00 strike price has a current bid of $3.20, allowing investors to potentially buy the stock at a net cost of $57.80, offering an approximate 2% discount to the current trading price of $62.09. The odds of this put contract expiring worthless are currently estimated at 57%.
Additionally, there’s a call contract at the $63.00 strike price, with a bid of $3.10. If shares are purchased at $62.09 and the call is sold, it could yield a total return of 6.46% if the stock is called away. The likelihood of this call contract expiring worthless stands at 51%. Implied volatility for the put is 75%, while for the call, it is at 72%. The actual trailing twelve-month volatility is calculated at 59%.
For further details about these options and their historical performance, visit StockOptionsChannel.com.
