New options for Amazon (AMZN) stock are available for March 13th expiration. A put option at $235.00 strike price has a bid of $8.60, offering a 1% discount. The call option at $245.00 strike has a bid of $9.35. Both options have an implied volatility of 39%. Visit Stock Options Channel for more insights.

Investors can sell a put contract at $235.00 to buy AMZN stock at a lower cost. There’s a 59% chance the put contract will expire worthless. A call contract at $245.00 strike offers a 6.92% total return if the stock gets called away. Study the trading history for more insights.

Covered call strategy with a call contract at $245.00 strike can provide a boost to returns. There’s a 53% chance the call contract will expire worthless. Implied volatility for both put and call contracts is around 39%. Check Stock Options Channel for more contract ideas and insights.

Read more at Nasdaq: March 13th Options Now Available For Amazon.com (AMZN)