New options available for AMD with potential discounts and returns.

From Nasdaq: 2024-04-26 13:49:58

Investors in Advanced Micro Devices Inc (AMD) now have new options available for the June 7th expiration. Stock Options Channel identified a put contract at the $155.00 strike price, with a current bid of $8.70. Selling this put could result in a cost basis of $146.30 per share, offering a 1% discount to the current price of $156.86. The odds of this put contract expiring worthless are currently at 58%, with a potential 5.61% return.

On the calls side, there is a call contract at the $160.00 strike price, with a current bid of $10.40. Purchasing this call as a covered call could lead to a total return of 8.63% if AMD shares reach $160.00 by the June 7th expiration. The current odds of this call contract expiring worthless are 49%, with a potential 6.63% extra return if it does. The implied volatility for the put contract is 49%, while the call contract has an implied volatility of 54%.

For more options strategies and contract ideas, visit StockOptionsChannel.com.



Read more at Nasdaq: AMD June 7th Options Begin Trading