New options for Alcoa Corporation (AA) are now available for trading, with a put contract at the $51.00 strike price and a call contract at the $64.00 strike price. The put contract has a bid of 55 cents, offering a 17% discount on the stock. The call contract has a bid of $2.56, providing a potential 8.30% return if the stock gets called away at expiration. The implied volatility for the put contract is 59%, while for the call contract, it is 57%. It’s important to consider the historical trading data and business fundamentals before making any decisions.

Source: Stock Options Channel

Read more at Nasdaq: March 13th Options Now Available For Alcoa (AA)