Investors in Performance Food Group Co (PFGC) began trading new options today, with a notable expiration date of August 21st. The newly launched put contract at the $90.00 strike price is currently bid at $2.25, which would reduce the cost basis to $87.75 for investors looking to buy shares, compared to the current market price of $92.98. This represents a discount of approximately 3%, with a 64% chance that the option will expire worthless.
On the call side, a $95.00 strike price call contract is available at a bid of $4.00. If exercised, this could yield a return of 6.47% if shares are called away at expiration. Currently, there’s a 49% chance that this covered call option will expire worthless, allowing investors to retain both their shares and the premium, leading to a potential return of 4.30%, or 16.88% annualized.
The put contract has an implied volatility of 32%, while the call contract has an implied volatility of 33%. In contrast, actual trailing twelve-month volatility is calculated to be 28%.
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