Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. To an investor already interested in purchasing shares of MT, that could represent an attractive alternative to paying $31.41/share today.īecause the $31.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $31.00, but will also collect the premium, putting the cost basis of the shares at $29.55 (before broker commissions). The put contract at the $31.00 strike price has a current bid of $1.45. At Stock Options Channel, our YieldBoost formula has looked up and down the MT options chain for the new December 3rd contracts and identified one put and one call contract of particular interest. Investors in ArcelorMittal SA (Symbol: MT) saw new options begin trading today, for the December 3rd expiration.
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