Commit To Purchase Navitas Semiconductor At $2, Earn 22.7% Annualized Using Options
October 11, 2024 at 11:41 AM EDT
Investors considering a purchase of Navitas Semiconductor Corp (NVTS) stock, but cautious about paying the going market price of $2.48/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2025 put at the $2 strike, which has a bid at the time of this writing of 20 cents..