Commit To Purchase Luminar Technologies At $0.50, Earn 50.9% Annualized Using Options
August 08, 2024 at 11:33 AM EDT
Investors considering a purchase of Luminar Technologies Inc (LAZR) stock, but cautious about paying the going market price of $0.9139/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $0.50 strike, which has a bid at the time of this writing of 3 cents..