Investors in Medtronic PLC (Symbol: MDT) have new options available for trading, with a put contract at the $95.00 strike price and a call contract at the $99.00 strike price. The put contract has a bid of 12 cents, offering an alternative to purchasing shares at $97.00/share. The call contract has a bid of 79 cents, providing a potential return of 2.88% if the stock gets called away at expiration. Analytical data suggests a 64% chance of the put contract expiring worthless and a 56% chance for the call contract. Implied volatility is 22% for the put contract and 24% for the call contract. Visit StockOptionsChannel.com for more options ideas.

Read more at Nasdaq: November 28th Options Now Available For Medtronic (MDT)