Commit To Purchase Cerence At $5, Earn 8.1% Annualized Using Options
May 08, 2024 at 11:43 AM EDT
Investors eyeing a purchase of Cerence Inc (CRNC) shares, but cautious about paying the going market price of $9.28/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 $5 strike, which has a bid at the time of this writing of 25 cents..