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Investors in Progress Software Corp (Symbol: PRGS) are seeing new options trading for the January 2028 expiration, with 858 days until expiration. A put contract at the $40.00 strike price has a current bid of $5.70, allowing an effective purchase price of $34.30 if sold to open. This represents a 5% discount compared to the current stock price of $42.16, with a 70% chance of the put expiring worthless.
On the call side, a contract at the $50.00 strike price has a bid of $7.50, offering a potential total return of 36.39% if called away by January 2028. This strike is approximately 19% above the current stock price, with a 44% chance of expiring worthless. The implied volatilities for the put and call contracts are 41% and 39%, respectively, while the trailing twelve-month volatility is calculated at 35%.
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