Commit To Buy Sleep Number At $7.50, Earn 29.5% Annualized Using Options

Investors considering a purchase of Sleep Number Corp (SNBR) shares, but tentative about paying the going market price of $10.21/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2025 put at the $7.50 strike, which has a bid at the time of this writing of $1.45..
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