Commit To Purchase Blend Labs At $2, Earn 17.2% Annualized Using Options
July 24, 2024 at 11:35 AM EDT
Investors considering a purchase of Blend Labs Inc (BLND) shares, but tentative about paying the going market price of $3.08/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 $2 strike, which has a bid at the time of this writing of 20 cents..