Commit To Buy GigaCloud Technology At $17.50, Earn 14.6% Annualized Using Options
August 06, 2024 at 11:35 AM EDT
Investors eyeing a purchase of GigaCloud Technology Inc (GCT) stock, but tentative about paying the going market price of $24.97/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2025 put at the $17.50 strike, which has a bid at the time of this writing of $1.15..