Commit To Buy Granite Construction At $40, Earn 1794.6% Annualized Using Options
May 14, 2024 at 11:32 AM EDT
Investors considering a purchase of Granite Construction Inc (GVA) stock, but cautious about paying the going market price of $62.83/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May put at the $40 strike, which has a bid at the time of this writing of $5.90..