HomeMarket NewsThe Rise of ARDX: Exploring May 10th Options Beginnings

The Rise of ARDX: Exploring May 10th Options Beginnings

Actionable Trade Ideas

always free

A Glimpse into ARDX Options

Today marks the inception of brand new options for investors in Ardelyx Inc (Symbol: ARDX), set to expire on May 10th. Stock Options Channel delves into the ARDX options chain, unveiling a put and call contract of distinctive allure.

Exploring the Put Contract

The put contract at a $5.50 strike price beckons with a current bid of 5 cents. By selling-to-open this put contract, investors commit to buying the stock at $5.50, with the premium lowering the cost basis to $5.45 – a bargain compared to today’s $7.47/share price.

Stepping into Call Contracts

The call contract at an $8.50 strike price stands out with a 5-cent bid. Opting for a covered call, investors agree to sell the stock at $8.50, culminating in a potential return of 14.46% at the May 10th expiration if the stock gets called away.

Data Insights and More

Boasting analytical insights, Stock Options Channel scrutinizes the odds with the put and call contracts while providing a historical context of ARDX’s trading journey. The implied volatility for put and call contracts is staggering, contrasting with the actual twelve-month volatility of 71%.

YieldBoost Prospects

The YieldBoost metric shines a light on the enhanced returns potential for investors, adding a layer of intrigue to ARDX’s options board. As these options evolve, Stock Options Channel pledges to monitor and update investors on the changing landscape.

Exploring Further Opportunities

For those keen on exploring more options contract ideas, StockOptionsChannel.com beckons with a treasure trove of data and insights waiting to be unearthed.

nslideshowTop YieldBoost Calls of the S&P 500 Β»

Also see:

Β• Funds Holding GWAV
Β• HYGH Videos
Β• OBIO Stock Predictions

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.