Commit To Purchase indie Semiconductor At $5, Earn 23% Using Options
March 15, 2024 at 11:47 AM EDT
Investors eyeing a purchase of indie Semiconductor Inc (INDI) shares, but cautious about paying the going market price of $6.24/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $5 strike, which has a bid at the time of this writing of $1.15..