Investors in Alphabet Inc (GOOGL) can now explore new options for the February 18th expiration. A put contract at the $340.00 strike price has a bid of $9.20, offering a cost basis of $330.80. The $345.00 call contract has a bid of $9.90, providing a potential return of 3.39% if shares get called away.

The $340.00 put contract has a 57% chance of expiring worthless, offering a 2.71% return. The $345.00 call contract has a 49% chance of expiring worthless, providing a 2.88% boost. Implied volatility for the put contract is 47%, while for the call contract it is 41%. Actual trailing twelve month volatility is 32%.

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

Read more at Nasdaq: February 18th Options Now Available For Alphabet (GOOGL)