**Intuitive Machines Inc (Symbol: LUNR)** launched new options trading today for contracts expiring on April 24. Key highlights include a put contract at a $17.50 strike price with a current bid of $0.59, allowing investors to achieve a cost basis of $16.91 if sold to open. This represents a 1% discount from the current share price of $17.70. There’s a 64% probability that this put may expire worthless, yielding a potential return of 3.37% on the cash commitment, or 24.63% annualized.
On the call side, a contract at the $19.00 strike price has a bid of $0.84. If an investor buys shares at $17.70 and sells this call, they could realize a total return of 12.09% if exercised by expiration. The $19.00 strike represents a 7% premium to the current price, with a 44% chance of expiring worthless, potentially offering a 4.75% boost in returns or 34.67% annualized. Current implied volatilities for the put and call are 119% and 110%, respectively.
