Investors in Alibaba Group Holding Ltd (Symbol: BABA) can now trade new options for the November 28th expiration. Stock Options Channel has identified one put and one call contract of interest. The put contract at the $165.00 strike price has a current bid of $6.20, representing a 5% discount to the current trading price.

On the calls side, the $190.00 strike price call contract has a current bid of $7.20. Investors could sell this call as a “covered call” to potentially earn a total return of 13.17% if the stock gets called away at expiration. However, there is a chance the contract could expire worthless.

The implied volatility in the put contract is 48%, while in the call contract it is 53%. The actual trailing twelve-month volatility is calculated to be 48%. For more options contract ideas, visit StockOptionsChannel.com.

Read more at Nasdaq: November 28th Options Now Available For Alibaba Group Holding (BABA)