Commit To Purchase Nextracker At $20, Earn 12.5% Using Options
September 20, 2024 at 11:33 AM EDT
Investors eyeing a purchase of Nextracker Inc (NXT) stock, but cautious about paying the going market price of $35.95/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2027 put at the $20 strike, which has a bid at the time of this writing of $2.50..
