Investors in Strategy Inc (Symbol: MSTR) can now trade new options for the March 27th expiration. One put contract at the $110.00 strike price has a bid of $15.80, offering a cost basis of $94.20. The call contract at the $115.00 strike price has a bid of $15.35, providing a total return of 15.60% if called away.

The put contract at the $110.00 strike has a 60% chance of expiring worthless, with an implied volatility of 108%. The call contract at the $115.00 strike has a 44% chance of expiring worthless, with an implied volatility of 110%. Actual trailing twelve month volatility is calculated at 75%.

Considering the $115.00 strike represents a 2% premium to the stock price, there is a chance the covered call contract could expire worthless, providing an extra 13.61% return. Stock Options Channel will track these odds. To explore more options contract ideas, visit StockOptionsChannel.com.

Read more at Nasdaq: Interesting MSTR Put And Call Options For March 27th