Commit To Buy Morphic Holding At $20, Earn 10.9% Annualized Using Options
March 15, 2024 at 11:48 AM EDT
Investors considering a purchase of Morphic Holding Inc (MORF) shares, but tentative about paying the going market price of $34.97/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $20 strike, which has a bid at the time of this writing of $1.30..