Insightful Analysis of MUR Put Options for November 15th Exploring Contrarian Investment Opportunities with MUR Put Options

Written By Michael Gary Scott

New Perspectives on Murphy Oil Corp Options Trading

Today marked the initiation of trading for new options expiring on November 15th for Murphy Oil Corp (Symbol: MUR). As investors scoured for opportunities, a particular put contract caught the eye.

The put contract with a strike price of $35.00 boasted a bid of $1.40. For an investor daring enough to sell-to-open this contract, they commit to buy the stock at $35.00. However, by collecting the premium, the cost basis for the shares would stand at $33.60, sans any broker commissions. An appealing proposition indeed for an investor contemplating MUR share acquisition at a current price of $35.88 per share.

Examining the Strategic Discount

The $35.00 strike point offers a modest 2% drop from the prevailing stock price, presenting itself as an out-of-the-money venture. This configuration introduces the chance that the put contract expires as null. According to current data analysis, the odds of this outcome stand at 59%. Over time, Stock Options Channel will monitor these probabilities, providing visual insights on the evolving landscape.

The potential return of 4.00% represented by the premium, in case of expiration, mirrors a 25.60% annualized rate—an element aptly labeled by Stock Options Channel as the YieldBoost.

Market Dynamics in Motion

A comprehensive view of the trailing twelve months trading history for Murphy Oil Corp is presented below. It highlights the placement of the $35.00 strike amidst the company’s past performance.

Loading chart — 2024 TickerTech.com

The example put contract exhibits an implied volatility of 50%, while the genuine trailing twelve-month volatility—a composite of the last 251 trading days closures alongside today’s price of $35.88—stands at 27%. For more intriguing put and call options prospects, a visit to StockOptionsChannel.com is highly recommended.

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