Investors in Millicom International Cellular SA (TIGO) have new options available for the November 21st expiration. A put contract at the $40.00 strike price has a bid of 40 cents, offering a cost basis of $39.60 per share. The call contract at the $50.00 strike price has a bid of $2.05, with a potential return of 6.55%. The implied volatility for the put contract is 46%, while the call contract has an implied volatility of 35%. Current odds suggest a 87% chance the put contract will expire worthless, and a 54% chance for the call contract. For more options ideas, visit StockOptionsChannel.com.

Read more at Nasdaq: First Week of TIGO November 21st Options Trading