Commit To Purchase Cerence At $2.50, Earn 27.2% Annualized Using Options
August 08, 2024 at 11:41 AM EDT
Investors considering a purchase of Cerence Inc (CRNC) shares, but cautious about paying the going market price of $3.23/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $2.50 strike, which has a bid at the time of this writing of 25 cents..