Investors can trade new options for META with potential for profit

From Nasdaq: 2024-07-03 14:00:09

Investors in Meta Platforms Inc (META) saw new options trading today for the August 23rd expiration. YieldBoost formula identified a put option at $505.00 with a bid of $25.65, offering a cost basis of $479.35. The odds of expiration are 57%, with a potential return of 5.08%.

On the calls side, a call option at $515.00 has a bid of $28.50. Selling this call as a covered call for a total return of 7.05% at expiration. Odds of expiration are 48%. Implied volatility is 41% for calls and 40% for puts, while actual twelve-month volatility is 35%.

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Read more at Nasdaq: META August 23rd Options Begin Trading