Commit To Buy Root At $60, Earn 35% Annualized Using Options

Investors eyeing a purchase of Root Inc (ROOT) shares, but cautious about paying the going market price of $71.00/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July 2025 put at the $60 strike, which has a bid at the time of this writing of $20.60..