Investors in Southern Copper Corp (SCCO) can now access new options expiring on October 16, 2023. Two notable contracts include a put option at a $180 strike price, currently bidding at $16.70, and a call option at a $190 strike price with a bid of $14.80. The $180 put represents an effective buying price of $163.30 for shares, offering a 9.28% return if it expires worthless, with a 58% chance of doing so. The $190 call could yield a 12.39% total return if exercised, holding a 51% chance of expiring worthless.
As of the latest data, SCCO shares are trading at approximately $182.22. The implied volatilities for the put and call options stand at 55% and 52%, respectively. Additionally, the trailing twelve-month volatility is calculated at 50%. For further details on these options, investors can consult Stock Options Channel.
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