Investors in Interdigital Inc (IDCC) saw new options begin trading today for a March 2027 expiration. Notably, the put contract at the $280.00 strike price has a current bid of $41.50, equating to a cost basis of $238.50 for potential buyers, which represents a 2% discount to the current trading price of $285.90. The odds suggest a 63% chance that this put contract may expire worthless, providing a potential 14.82% return on the cash commitment, or 19.32% annualized.
On the call side, the $310.00 strike price has a bid of $43.00. If investors sell-to-open this contract while holding shares at $285.90, they commit to selling at $310.00 for an expected total return of 23.47% if exercised. However, there is a 46% chance this call may also expire worthless, yielding a potential 15.04% additional return, or 19.61% annualized. The implied volatility for both contracts stands at approximately 52%.
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