Investors in Procter & Gamble Company (PG) began trading new options today, set to expire on August 21. The notable put contract at the $120.00 strike price currently has a bid of $0.30, allowing sellers to potentially acquire shares at an effective price of $119.70, a 16% discount from the current trading price of $143.40. Analytics suggest an 87% chance that this put contract may expire worthless, providing a possible 0.25% return on cash commitment.
On the call side, a $145.00 strike price call contract is currently bidding at $4.65. If an investor executes a covered call strategy at today’s price, they could achieve a total return of approximately 4.36% if the shares are called away at expiration. The likelihood of this contract expiring worthless stands at 51%, which could result in an additional 3.24% return for the investor.
Implied volatility for the put stands at 32%, while the call has a volatility of 24%. The trailing twelve-month volatility for PG is calculated at 18%, reflecting the stock’s recent performance.
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