From Nasdaq:

One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 129 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. The put contract at the $140.00 strike price has a current bid of $25.60, dropping the cost basis of the shares to $114.40. The current odds of the put contract expiring worthless are 61%. The call contract at the $145.00 strike price has a current bid of $27.10, with odds of expiring worthless at 42%. Implied volatility in the put contract is approximately 85%, while the call contract example is approximately the same. The actual trailing twelve month volatility is currently at 78%.



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