Investors in Atlassian Corp (TEAM) have new options available for the May 15th expiration, offering opportunities for sellers of puts or calls to achieve higher premiums with 94 days until expiration. A put contract at the $75.00 strike price has a current bid of $3.90, representing a 21% discount to the stock’s trading price, with an 80% chance of expiring worthless. On the calls side, a call contract at the $100.00 strike price has a bid of $10.00, offering a total return of 16.12% if the stock gets called away. Implied volatility stands at 75% for puts and 73% for calls.

Read more at Nasdaq: TEAM May 15th Options Begin Trading