“`html
Micron Technology Inc. (Symbol: MU) has introduced new options for July 2026, currently trading at $199.05 per share. A put contract at a $195.00 strike price has a bid of $35.10, allowing investors to potentially acquire shares at an effective cost basis of $159.90, representing a 2% discount. The current odds of the contract expiring worthless are estimated at 65%, offering a potential 18.00% return on cash commitment, or 27.61% annualized.
On the call side, a $220.00 strike contract has a bid of $37.35. Investors who purchase shares at $199.05 and sell this call contract could see a total return of 29.29% at expiration. This strike price represents an approximate 11% premium to the current trading price, with a 43% chance of the call expiring worthless, which would still allow investors to keep their shares and the premium, offering an 18.76% additional return or 28.78% annualized.
Implied volatility for the put is 69% and for the call is 66%, while the actual trailing twelve month volatility is calculated at 64%.
“`
