Commit To Purchase Green Dot Corp At $22.50, Earn 16.3% Annualized Using Options
September 23, 2019 at 11:59 AM EDT
Investors considering a purchase of Green Dot Corp (GDOT) stock, but cautious about paying the going market price of $27.39/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2020 put at the $22.50 strike, which has a bid at the time of this writing of $1.80..