Revlis: Depends on where you think the stock will go. Buying $20.00 dollar call would cost a fortune on IDCC stock since it is allready $4.00 in the money. The put is a great sale now if we hold or go further up.
Here's a great spread to make money on trading stock. Buy IDCC at $24.11. Sell the June 30 call for a couple of bucks. Sell the June 20 put for a buck and a half. You get $3.50 up front and $30 when they take it from you or $33.50 total. Great return on a $24.00 investment in 5 months.
To all: Don't get mad at me. This is only a great play for your mad money. HOLD you core stock. I am.