Commit To Purchase Luna Innovations At $2.50, Earn 39.5% Annualized Using Options
March 13, 2024 at 14:11 PM EDT
Investors eyeing a purchase of Luna Innovations Inc (LUNA) shares, but cautious about paying the going market price of $3.94/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 $2.50 strike, which has a bid at the time of this writing of 10 cents..