From Nasdaq:

Investors in Coinbase Global Inc (Symbol: COIN) saw new options trading for the May 17th expiration. A put contract with a $230.00 strike price has a bid of $30.30, representing a 5% discount to the current trading price. The call contract at the $250.00 strike price has a bid of $31.75. The implied volatility is 93% for the put contract and 92% for the call contract.

If an investor sells-to-open the put contract, they commit to purchasing the stock at $230.00, potentially yielding a 13.17% return on the cash commitment. On the calls side, if an investor sells a covered call at the $250.00 strike, they could see a total return of 16.78% if the stock reaches that price by expiration. The odds of the put and call contracts expiring worthless are 62% and 47%, respectively.

In the event of a worthless covered call, the premium received would provide an additional 13.16% boost to the investor’s return. The current implied volatility is 93% for the put contract and 92% for the call contract. The actual trailing twelve month volatility is 78%. Visit StockOptionsChannel.com for more put and call options contract ideas.

For more information, visit StockOptionsChannel.com for top YieldBoost calls of the S&P 500, as well as other investment options in the market. The views and opinions expressed in this news article are those of the author and not necessarily reflect those of Nasdaq, Inc.



Read more at Nasdaq: First Week of May 17th Options Trading For Coinbase Global (COIN)