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Options Trading Surge for Bitdeer Technologies Group (BTDR)

Options trading heats up for Bitdeer Technologies Group. New put and call options contracts are available for investors that may offer attractive returns amidst current trading conditions.

Date: 
AI Rating:   6

Options Activity Overview
Bitdeer Technologies Group (BTDR) has new options contracts available, specifically a put contract with a $17.00 strike price and a call contract with a $19.50 strike price. The current stock price is $17.22.

The put contract offers a premium of $2.30, allowing an attractive cost basis of $14.70 for those looking to purchase the stock. The risk of this option expiring worthless has a probability of 64%, and if it does, it could yield a 13.53% return on the cash commitment.

The call contract priced at $19.50 provides a bid of $2.40. If the stock is purchased at $17.22 and sold at the strike price, total returns could reach 27.18%. The odds of this covered call option expiring worthless stands at 48%, allowing investors to benefit from both premium earnings and potential stock appreciation.

Implied Volatility and Risks
The implied volatility for both options is notably high, at 122% for puts and 124% for calls, compared to a lower actual trailing volatility of 115%. This indicates a market expectation for continued price fluctuations, which could influence position management strategies.