From Nasdaq: 2024-07-03 12:20:01

Investors in AMD saw new options trading today for the August 23rd expiration. A put contract at the $160.00 strike price has a bid of $7.25, offering an alternative to purchasing the stock at $163.30/share. The $160.00 put has a 61% chance of expiring worthless, with a potential 4.53% return.

On the calls side, a call contract at the $175.00 strike price has a bid of $7.50. Selling a covered call at $175.00 allows for a total return of 11.76% if the stock gets called away at expiration. The $175.00 call has a 58% chance of expiring worthless, providing a potential 4.59% boost in return.

The implied volatility for the put contract is 47%, and for the call contract is 50%. The trailing twelve month volatility is calculated at 45%. For more options contract ideas, visit StockOptionsChannel.com.



Read more at Nasdaq: Interesting AMD Put And Call Options For August 23rd