IDR Bear Put Spread Strategy
IDR (Idaho Strategic Resources, Inc.), in the Basic Materials sector, (Gold industry), listed on AMEX.
Idaho Strategic Resources, Inc. engages in the exploring, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho and Western Montana. It owns 100% interest in the Golden Chest Mine that consists of 25 patented mining claims covering an area of 280 acres and 90 unpatented claims mine covering an area of 1,390 acres located in Murray, Idaho. The company was founded in 1996 and is headquartered in Coeur d'Alene, Idaho.
IDR (Idaho Strategic Resources, Inc.) trades in the Basic Materials sector, specifically Gold, with a market capitalization of approximately $809.4M, a trailing P/E of 44.61, a beta of 1.22 versus the broader market, a 52-week range of 12.25-54.7, average daily share volume of 273K, a public-listing history dating back to 1999, approximately 51 full-time employees. These structural characteristics shape how IDR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.22 places IDR roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 44.61 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.
What is a bear put spread on IDR?
A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width.
Current IDR snapshot
As of May 15, 2026, spot at $38.46, ATM IV 87.60%, IV rank 41.25%, expected move 25.11%. The bear put spread on IDR below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 34-day expiry.
Why this bear put spread structure on IDR specifically: IDR IV at 87.60% is mid-range versus its 1-year history, so strategy selection should anchor more to the directional thesis than to the IV regime, with a market-implied 1-standard-deviation move of approximately 25.11% (roughly $9.66 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated IDR expiries trade a higher absolute premium for lower per-day decay. Position sizing on IDR should anchor to the underlying notional of $38.46 per share and to the trader's directional view on IDR stock.
IDR bear put spread setup
The IDR bear put spread below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With IDR near $38.46, the first option leg uses a $38.46 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed IDR chain at a 34-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 IDR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $38.46 | N/A |
| Sell 1 | Put | $36.54 | N/A |
IDR bear put spread risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit.
IDR bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on IDR. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
When traders use bear put spread on IDR
Bear put spreads on IDR reduce the cost of a bearish IDR stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
IDR thesis for this bear put spread
The market-implied 1-standard-deviation range for IDR extends from approximately $28.80 on the downside to $48.12 on the upside. A IDR bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on IDR, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current IDR IV rank near 41.25% is mid-range against its 1-year distribution, so the IV signal is neutral; the bear put spread thesis on IDR should anchor more to the directional view and the expected-move geometry. As a Basic Materials name, IDR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to IDR-specific events.
IDR bear put spread positions are structurally moderately bearish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. IDR positions also carry Basic Materials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move IDR alongside the broader basket even when IDR-specific fundamentals are unchanged. Long-premium structures like a bear put spread on IDR are particularly exposed to IV-crush risk through scheduled events (earnings, FDA decisions, central-bank meetings) where IV typically contracts post-event regardless of the directional outcome. Always rebuild the position from current IDR chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on IDR?
- A bear put spread on IDR is the bear put spread strategy applied to IDR (stock). The strategy is structurally moderately bearish: A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width. With IDR stock trading near $38.46, the strikes shown on this page are snapped to the nearest listed IDR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are IDR bear put spread max profit and max loss calculated?
- Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit. For the IDR bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 87.60%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a IDR bear put spread?
- The breakeven for the IDR bear put spread priced on this page is no defined breakeven on the modeled curve at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current IDR market-implied 1-standard-deviation expected move is approximately 25.11%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a bear put spread on IDR?
- Bear put spreads on IDR reduce the cost of a bearish IDR stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
- How does current IDR implied volatility affect this bear put spread?
- IDR ATM IV is at 87.60% with IV rank near 41.25%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.