Commit To Buy Planet Labs At $2, Earn 32% Annualized Using Options
August 28, 2024 at 11:53 AM EDT
Investors eyeing a purchase of Planet Labs PBC (PL) shares, but cautious about paying the going market price of $2.58/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $2 strike, which has a bid at the time of this writing of 20 cents..