January 2028 Options Now Available For Howmet Aerospace (HWM)

Core Insights - New options for Howmet Aerospace Inc (HWM) with a January 2028 expiration have become available, presenting potential opportunities for investors [1] - The put contract at a $185.00 strike price offers a premium that lowers the effective purchase price of HWM shares, making it an attractive alternative for potential buyers [2] - The call contract at a $220.00 strike price allows for a significant return if the stock is called away, but also carries the risk of missing out on further upside if the stock price increases significantly [6][8] Put Option Analysis - The $185.00 put contract has a current bid of $31.60, allowing investors to effectively purchase shares at $153.40 after accounting for the premium [2] - This strike price represents a 2% discount to the current trading price, with a 68% chance of expiring worthless, which would yield a 17.08% return on cash commitment [3] - The implied volatility for the put contract is 39%, indicating market expectations for price fluctuations [9] Call Option Analysis - The $220.00 call contract has a current bid of $34.50, providing a potential total return of 35.13% if the stock is called away at expiration [6] - This strike price is approximately 17% above the current trading price, with a 44% chance of expiring worthless, allowing investors to retain both shares and premium [8] - The implied volatility for the call contract is 36%, reflecting market sentiment regarding future price movements [9] Trading History - The trailing twelve-month trading history for Howmet Aerospace Inc is highlighted, showing the relative positions of the $185.00 and $220.00 strike prices [4][6]