Investors in AptarGroup Inc. (ATR) saw new options trading begin today for contracts expiring on March 20. Key highlights include a put contract at a $125.00 strike price with a current bid of $3.00, allowing investors to potentially acquire shares at a reduced effective price of $122.00. This strike represents an approximate 1% discount from the current share price of $125.97, with a 55% chance of the option expiring worthless.
On the call side, there is a $130.00 strike price contract with a bid of $2.60. Should an investor buy shares at the current level and sell this call as a covered call, they could secure a total return of 5.26% if the stock is called away at expiration. This strike is about 3% above the current price, carrying a 58% probability of also expiring worthless.
Current implied volatility for the put is 27%, while the call is at 30%, compared to a trailing twelve-month volatility of 26%.
