How Far Can Arista Networks Stock Move On You In A Year?

Arista Networks (ANET) trades near $195, and its option chain prices a range for the coming twelve months running from a floor near $112.90 to a ceiling of $336.68. That spread is wide enough to change what a sensible position looks like. The options market is pricing this move at almost exactly what the stock has already delivered, 0.98 times realized volatility, hardly the calmer outcome the wide band might suggest.