Agree To Purchase Align Technology At $195, Earn 8.5% Using Options
April 25, 2019 at 11:56 AM EDT
Investors considering a purchase of Align Technology Inc (ALGN) stock, but cautious about paying the going market price of $298.62/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $195 strike, which has a bid at the time of this writing of $16.50..