Modine Manufacturing Co. Options: November 20th Expiration

Modine Manufacturing Co (MOD) has new options available for November 20th expiration. A put contract at $195.00 has a current bid of $41.00, while a call contract at $210.00 has a current bid of $43.00. These options offer potential opportunities for sellers to achieve a higher premium than contracts with a closer expiration. The put contract represents a 2% discount to the current trading price and has a 65% chance of expiring worthless, offering a 21.03% return on the cash commitment. The call contract would drive a total return of 27.53% if the stock gets called away at the November 20th expiration.