Commit To Buy Innodata At $5, Earn 25.9% Annualized Using Options
April 10, 2024 at 13:05 PM EDT
Investors eyeing a purchase of Innodata Inc (INOD) shares, but tentative about paying the going market price of $6.40/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2025 put at the $5 strike, which has a bid at the time of this writing of $1.00..