Investors in Cisco Systems Inc (Symbol: CSCO) have new options available for the May 15th expiration, with 91 days until expiration. The $65.00 strike put contract has a bid of $1.10, giving a 1.69% return if the contract expires worthless. The $80.00 strike call contract has a bid of $1.75, offering a 10.52% return if the stock gets called away.

The put contract at the $65.00 strike represents a 12% discount to the current stock price, with a 77% chance of expiring worthless. The call contract at the $80.00 strike is 8% above the current stock price, with a 66% chance of expiring worthless. Implied volatility is 42% for the put contract and 30% for the call contract.

Covered call strategy on CSCO stock at $73.97/share with the $80.00 strike call contract offers a total return of 10.52% if the stock gets called away. The $65.00 strike put contract provides a 1.69% return if it expires worthless. Actual trailing twelve month volatility is calculated at 28%. Visit StockOptionsChannel.com for more options contract ideas.

Read more at Nasdaq: May 15th Options Now Available For Cisco Systems (CSCO)