Commit To Purchase Carvana At $27, Earn 11.8% Using Options
September 19, 2018 at 11:53 AM EDT
Investors eyeing a purchase of Carvana Co (CVNA) shares, but tentative about paying the going market price of $59.82/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2020 put at the $27 strike, which has a bid at the time of this writing of $3.20..