IDR Cash-Secured Put 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 cash-secured put on IDR?
A cash-secured put sells an out-of-the-money put while holding cash equal to the strike-times-100 obligation, keeping the premium when the underlying stays above the strike.
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 cash-secured put 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 cash-secured put structure on IDR specifically: IDR IV at 87.60% is mid-range versus its 1-year history, so the credit collected on a IDR cash-secured put sits in line with its long-run distribution, 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 cash-secured put setup
The IDR cash-secured put 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 $36.54 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) |
|---|---|---|---|
| Sell 1 | Put | $36.54 | N/A |
IDR cash-secured put 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 premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
IDR cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put 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 cash-secured put on IDR
Cash-secured puts on IDR earn premium while a trader waits to acquire IDR stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning IDR.
IDR thesis for this cash-secured put
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 cash-secured put lets a trader earn premium while waiting to acquire IDR at the strike price; the strategy is most attractive when the trader is comfortable holding the underlying at that level and IV is rich enough to compensate for the assignment risk. Current IDR IV rank near 41.25% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put 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 cash-secured put positions are structurally neutral to slightly bullish; 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. Short-premium structures like a cash-secured put on IDR carry tail risk when realized volatility exceeds the implied move; review historical IDR earnings reactions and macro stress periods before sizing. Always rebuild the position from current IDR chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on IDR?
- A cash-secured put on IDR is the cash-secured put strategy applied to IDR (stock). The strategy is structurally neutral to slightly bullish: A cash-secured put sells an out-of-the-money put while holding cash equal to the strike-times-100 obligation, keeping the premium when the underlying stays above the strike. 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 cash-secured put max profit and max loss calculated?
- Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium. For the IDR cash-secured put 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 cash-secured put?
- The breakeven for the IDR cash-secured put 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 cash-secured put on IDR?
- Cash-secured puts on IDR earn premium while a trader waits to acquire IDR stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning IDR.
- How does current IDR implied volatility affect this cash-secured put?
- 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.