Commit To Buy ProFrac Holding At $5, Earn 11.5% Annualized Using Options
May 08, 2024 at 11:42 AM EDT
Investors considering a purchase of ProFrac Holding Corp (ACDC) stock, but tentative about paying the going market price of $7.30/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $5 strike, which has a bid at the time of this writing of 30 cents..