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Investors in First Hawaiian Inc (FHB) gained access to new options this week for the November 21st expiration. A notable put contract at the $25.00 strike price is currently bidding at 5 cents, allowing investors to potentially purchase shares at an effective cost basis of $24.95 after accounting for the premium.
This $25.00 strike price represents approximately a 1% discount from the current trading price of $25.24. There is a 55% chance that the put contract could expire worthless, suggesting a potential return of 0.20% or an annualized return of 1.26% if it does.
The implied volatility for this contract is noted at 47%, compared to a trailing twelve-month volatility of 29% based on 250 days of trading values.
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