Investors in Nextpower Inc (NXT) can now explore new options contracts expiring in November 2026, with 332 days until expiration. Notably, a put contract at a $90.00 strike price has a current bid of $17.70, offering a potential cost basis of $72.30 for investors willing to buy shares at that strike price. This represents an approximate 1% discount on the current trading price of $90.55 and a 64% chance that the option could expire worthless.
Additionally, there is a call contract at a $95.00 strike price, currently bid at $19.00. For investors acquiring shares at $90.55 and selling this covered call, they stand to achieve a total return of 25.90% if the stock is called away at expiration. This strike price is approximately 5% above the current trading price, with a 39% probability of the option expiring worthless, allowing investors to retain both the shares and collected premiums.
