Commit To Buy PureCycle Technologies At $7, Earn 34.3% Using Options
September 20, 2024 at 11:35 AM EDT
Investors considering a purchase of PureCycle Technologies Inc (PCT) shares, but cautious about paying the going market price of $9.71/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 $7 strike, which has a bid at the time of this writing of $2.40..
