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Investors in Rocket Lab Corp (RKLB) saw new options begin trading today, with notable contracts expiring on November 7. A put contract at a $48.00 strike price currently has a bid of $5.50, which could result in a cost basis of $42.50 per share if sold-to-open. The $48.00 strike is approximately 1% below the current trading price of $48.42, with a 58% probability of expiring worthless.
On the calls side, a $50.00 strike contract is priced at $5.25. If an investor buys shares at $48.42 and sells-to-open the call, they stand to gain a total return of 14.11% if the stock is called away. The $50.00 strike is about 3% above the current price, with a 47% chance of expiring worthless. Both contracts exhibit an implied volatility of approximately 92%.
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