From Nasdaq: 2024-04-04 10:55:36

New options for Tesla Inc (TSLA) began trading today, with a put contract at the $125.00 strike price offering a bid of 99 cents. This represents a 27% discount to the current stock price, with a 92% chance of expiring worthless. On the call side, a contract at the $235.00 strike has a bid of 96 cents.

Investors interested in TSLA have the option to purchase shares at $170.18 and sell a call contract at $235.00. This “covered call” strategy could result in a total return of 38.65% if shares get called away at expiration. However, there is an 86% chance the contract could expire worthless.

Implied volatility is 64% for the put contract and 71% for the call contract, while the trailing twelve-month volatility is calculated at 48%. For more options ideas, visit StockOptionsChannel.com.



Read more at Nasdaq: May 24th Options Now Available For Tesla