On July 25th, new options contracts for Comcast Corp (CMCSA) began trading, with a notable put contract at the $34.00 strike price. The current bid for this contract is 4 cents, allowing an investor to potentially purchase shares at a cost basis of $33.96. This represents a 1% discount to the current trading price of $34.45.
The odds of the put contract expiring worthless are approximately 56%, with a potential return of 0.12% on the cash commitment if it does expire worthless, equating to an annualized return of 0.86%. The implied volatility for this put contract is 35%, compared to an actual trailing twelve-month volatility of 28%.
