Commit To Purchase Piedmont Lithium At $6, Earn 14.5% Annualized Using Options

Investors considering a purchase of Piedmont Lithium Inc (PLL) stock, but tentative about paying the going market price of $10.29/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 $6 strike, which has a bid at the time of this writing of 50 cents..