Investors in Navitas Semiconductor Corp (NVTS) began trading new options for February 2026 on October 9, 2023. A notable put option is available at a $7.00 strike price, currently bidding at 5 cents, allowing investors to potentially buy shares at an effective cost basis of $6.95, which is an approximate 8% discount to the current trading price of $7.59. Current analytical data suggests a 67% likelihood that this put contract could expire worthless, offering a 0.71% return on cash commitment, or 5.93% annualized.
Additionally, a call option at the $8.50 strike price is also drawing attention, bidding at 5 cents. This move would allow investors to commit to selling shares at that price, yielding a total return of 12.65% if exercised, excluding dividends. The $8.50 strike represents a 12% premium to the current trading price, suggesting a 46% chance of expiration without value. The implied volatility for the put and call contracts stands at 165% and 161%, respectively, while the trailing twelve-month volatility is calculated at 152%.
