Commit To Buy Carvana At $50, Earn 14% Using Options
July 24, 2024 at 11:35 AM EDT
Investors eyeing a purchase of Carvana Co (CVNA) shares, but cautious about paying the going market price of $125.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $50 strike, which has a bid at the time of this writing of $7.00..