Commit To Purchase GeneDx Holdings At $22.50, Earn 27.2% Annualized Using Options
August 12, 2024 at 12:16 PM EDT
Investors eyeing a purchase of GeneDx Holdings Corp (WGS) stock, but cautious about paying the going market price of $33.42/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 $22.50 strike, which has a bid at the time of this writing of $3.70..