Commit To Buy H&E Equipment Services At $55, Earn 29.6% Annualized Using Options
February 15, 2024 at 14:48 PM EST
Investors considering a purchase of H&E Equipment Services Inc (HEES) shares, but cautious about paying the going market price of $56.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April put at the $55 strike, which has a bid at the time of this writing of $2.85..