Investors in Strategy Inc (Symbol: MSTR) have new options trading for the March 13th expiration. At Stock Options Channel, a put contract at the $145.00 strike price has a bid of $13.45. Selling this put contract could lead to a cost basis of $131.55 per share, offering an alternative to buying at $145.82. The current odds of the put contract expiring worthless are 55%.

On the calls side, a call contract at the $160.00 strike price has a bid of $8.80. Selling this call contract as a covered call could result in a total return of 15.76% if the stock gets called away at expiration. The current odds of the call contract expiring worthless are 58%. The implied volatility in the put contract is 74%, while in the call contract it is 81%.

The $160.00 strike represents an approximate 10% premium to the stock price. Should the covered call contract expire worthless, the premium would provide an extra return of 6.03% to the investor. Actual trailing twelve month volatility is calculated to be 73%. For more options contract ideas, visit StockOptionsChannel.com.

Read more at Nasdaq: March 13th Options Now Available For Strategy (MSTR)