Commit To Purchase Marathon Digital Holdings At $8, Earn 21.4% Using Options
August 28, 2024 at 11:55 AM EDT
Investors considering a purchase of Marathon Digital Holdings Inc (MARA) stock, but tentative about paying the going market price of $16.88/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $8 strike, which has a bid at the time of this writing of $1.71..