Investors in MetLife Inc (NYSE: MET) gained access to new options today with an expiration date of November 20, 2023. Notably, a put contract at the $90.00 strike price is currently bidding at $2.45, potentially allowing investors to purchase shares at an effective cost basis of $87.55, approximately 3% lower than the current trading price of $92.53. Analytical data suggests there is a 61% chance that this put contract may expire worthless.
On the call side, a contract at the $95.00 strike price is bidding at $2.65. If an investor were to execute a covered call, they could realize a total return of 5.53% if the stock is called away at expiration. This strike price is about 3% above the current stock price, with a 53% probability of expiring worthless. Implied volatility for the put is at 27%, while the call stands at 26%, compared to an actual trailing volatility of 24%.
For ongoing insights, Stock Options Channel will monitor these options and their evolving odds, providing updates on market performance.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
