From Nasdaq: 2024-04-04 11:04:07

Investors in Advanced Micro Devices Inc (Symbol: AMD) now have new options available for trading with May 24th expiration. An interesting put contract at $175.00 strike price has a bid of $8.85. Selling-to-open this put contract could provide a cost basis of $166.15, offering a 2% discount from the current stock price of $178.99/share.

On the calls side, a call contract at $190.00 strike price has a bid of $9.35. Selling-to-open this call contract could result in a return of 11.37% if stock gets called away at expiration. However, if the stock soars, upside potential may be left on the table. Analyzing historical trading data is crucial before making a decision.

The $175.00 put contract offers a 61% chance of expiring worthless, providing a 5.06% return on cash commitment. The $190.00 call contract has a 56% chance of expiring worthless, offering a 5.22% boost of extra return to the investor. Implied volatility in put contract is 49%, in call contract is 52%. Actual trailing twelve month volatility is 47%. For more options contract ideas, visit StockOptionsChannel.com.



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