EXACT Sciences Corp. (Symbol: EXAS) has introduced new options expiring on November 21st, offering potential trading strategies for investors. The $37.50 put contract has a current bid of $1.25, allowing sellers to effectively lower their purchase price to $36.25, representing a 21% discount from the current trading price of $47.60. Analysts suggest an 80% chance that the put contract may expire worthless, potentially yielding a 3.33% return on cash commitment, or 13.36% annualized.
On the call options side, the $55.00 strike price has a current bid of $1.50. Selling a covered call at that strike could offer an 18.70% total return if the stock is called away by expiration. There is a 64% chance that this call option will expire worthless, allowing investors to retain both their shares and premium collected, resulting in a 3.15% additional return or 12.63% annualized boost. The implied volatilities for the put and call contracts are 73% and 56%, respectively.
