Commit To Buy ProFrac Holding At $5, Earn 16.7% Annualized Using Options
August 08, 2024 at 11:38 AM EDT
Investors considering a purchase of ProFrac Holding Corp (ACDC) shares, but cautious about paying the going market price of $6.42/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2025 put at the $5 strike, which has a bid at the time of this writing of 45 cents..
