Commit To Purchase iRhythm Technologies At $50, Earn 19.8% Annualized Using Options
September 06, 2024 at 13:21 PM EDT
Investors considering a purchase of iRhythm Technologies Inc (IRTC) stock, but cautious about paying the going market price of $63.82/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 $50 strike, which has a bid at the time of this writing of $3.60..