Investors in Kinross Gold Corp. (NASDAQ: KGC) gained access to new options today, specifically for expiration on June 5. Notable contracts include a put option with a $31.00 strike price, currently bidding at $1.47. If an investor sells-to-open this put, their effective purchase price would be $29.53 per share, providing a nearly 4% discount from the current market price of $32.34.
Additionally, a call option at the $33.00 strike price is available with a bid of $0.28. Selling this call after buying shares at $32.34 could yield a total return of 2.91% if the stock is called away at expiration. The odds of both the put option expiring worthless is approximately 63%, while for the call contract, it stands at 50%. The implied volatilities are 54% for the put and 56% for the call, compared to a trailing twelve-month volatility of 50% for KGC.
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