InterDigital Inc (IDCC)

[Bratkowski]

Pets-
The term "insurance" is probably not the best to use in this situation. The value of the shares you hold will always be determined by the market price and there's nothing that can be done about that.
What I was referring to was buying put options to counter some of the downside risk. This morning I purchased 10 put options (each option represents 100 shares) at a strike price of $42.50 which will expire November 21. I paid $1.60 per option for a total of $1600. If the court decision goes against IDCC and the price drops below $40.90 I'll be ahead on the trade and will make up some of the lost value of my long shares. Otherwise I'll be out the $1600 but won't have lost as much sleep worrying about the outcome of the trial.
Having said that, I can tell you from personal experience that dealing in options is a risky thing. This is one of those situations in which I believe the share price will take a big swing one way or the other. I hope it's to the upside.