Commit To Buy Sprout Social At $22.50, Earn 11.2% Annualized Using Options

Investors eyeing a purchase of Sprout Social Inc (SPT) stock, but cautious about paying the going market price of $31.59/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2025 put at the $22.50 strike, which has a bid at the time of this writing of $1.60..