Commit To Purchase Align Technology At $130, Earn 4.7% Using Options
July 12, 2024 at 11:33 AM EDT
Investors eyeing a purchase of Align Technology Inc (ALGN) shares, but cautious about paying the going market price of $247.74/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 $130 strike, which has a bid at the time of this writing of $6.10..