Investors in Prologis Inc (PLD) saw new options trading begin today, for contracts expiring on October 16. The notable contracts include a put option at the $140.00 strike price with a current bid of $6.10 and a call option at the $145.00 strike price with a bid of $8.40. The current trading price of PLD shares is $143.68.
If the put contract is sold, the effective purchase price per share would be $133.90 after collecting the premium. This represents a 3% discount from the current price and has a 61% chance of expiring worthless. On the calls side, selling the $145.00 strike as a covered call could yield a total return of 6.77% if exercised, with a 47% chance of expiry without exercise. Implied volatility for both options is around 26%, while trailing twelve-month volatility is approximately 21%.
