CRH plc (CRH) has introduced new options with a July 10th expiration date. The notable contracts include a put option at a $105.00 strike price, currently bid at $2.80, offering a cost basis of $102.20 for investors looking to acquire shares at a discount. This option has a 55% chance of expiring worthless based on current data.
Additionally, there is a call option with a $108.00 strike price, bid at $2.50. If investors use this as a covered call after purchasing shares at $106.41, they could achieve a total return of 3.84% at expiration, excluding dividends. This contract similarly has a 54% probability of expiring worthless.
Implied volatility for the put option is 36% and for the call option, 37%. Actual trailing twelve-month volatility stands at 31%.
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