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New options for Microsoft Corporation (MSFT) with a June 2028 expiration became available today, providing investors with opportunities for higher premiums due to a 935-day time value. Notably, the put contract at a $470.00 strike price has a current bid of $65.50, resulting in a cost basis of $404.50 for shares if exercised. This represents a roughly 1% discount from the current trading price of $473.00 per share.
On the calls side, the call contract at a $550.00 strike price has a bid of $69.00, offering a potential total return of 30.87% if the stock is called away at expiration. This strike price is approximately 16% higher than the current market price. The odds of both the put and call contracts expiring worthless are currently estimated at 66% and 47%, respectively.
Implied volatility for the put contract is 30%, while the call contract stands at 29%. The trailing twelve-month volatility is calculated at 24% based on the last 249 trading days.
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