Commit To Buy Duolingo At $155, Earn 12.4% Using Options
October 11, 2024 at 11:42 AM EDT
Investors considering a purchase of Duolingo Inc (DUOL) shares, but tentative about paying the going market price of $290.40/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 $155 strike, which has a bid at the time of this writing of $19.30..