Investors in Intuitive Machines Inc (NASDAQ: LUNR) saw new options trading commence today for contracts expiring on July 17. The options include a put contract at an $11.00 strike price, currently bidding at $0.83, representing a 34% discount to the stock’s current price of $16.73. Should the put expire worthless, it would yield a 7.55% return on the cash commitment, or 25.27% annualized.
On the call side, a $20.00 strike price call is available at a bid of $1.36. If purchased shares are sold through a covered call, investors could achieve a 27.67% total return if the stock is called away at expiration. The chances of the put expiring worthless stand at 83%, while the call’s chances are at 48%. Current implied volatility for the put is 147%, while it’s 115% for the call.
