Investors in Alphabet Inc (GOOGL) have new options trading for December 5th expiration. Stock Options Channel identified a put contract at the $210.00 strike with a current bid of $1.25. The call contract at $260.00 has a bid of $9.50. The put contract has a 90% chance of expiring worthless, while the call contract has a 53% chance. Implied volatility is 49% for put and 39% for call contracts.

A covered call strategy could offer a 5.91% return if the stock is called away at $260.00. The $260.00 strike represents a 2% premium to the current trading price. The $210.00 strike represents a 17% discount. Stock Options Channel will track the odds of contracts expiring worthless. The implied volatility is 49% for put contracts and 39% for call contracts.

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

Read more at Nasdaq: December 5th Options Now Available For Alphabet (GOOGL)