Commit To Purchase Root At $55, Earn 31.8% Using Options
October 31, 2024 at 12:41 PM EDT
Investors considering a purchase of Root Inc (ROOT) stock, but tentative about paying the going market price of $104.50/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 $55 strike, which has a bid at the time of this writing of $17.50..