Investors in NVIDIA Corp (NVDA) can now access new options with a June 3 expiration. A notable put contract at the $215 strike price is currently bid at $5.45, allowing investors to effectively acquire shares at a cost basis of $209.55, reflecting a 2% discount from the current trading price of $218.57. The likelihood of the put contract expiring worthless is estimated at 62%, presenting a potential 2.53% return on investment.
On the call side, a contract at the $225 strike price is bid at $6.65, offering a 5.98% return if shares are sold when the option expires. This strike price is approximately 3% higher than the current trading price, with a 56% chance of expiring worthless, allowing investors to retain both their shares and the premium collected, yielding a potential 3.04% extra return.
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