Commit To Buy LendingClub Corp At $5, Earn 11% Using Options
April 24, 2024 at 11:29 AM EDT
Investors eyeing a purchase of LendingClub Corp (LC) shares, but cautious about paying the going market price of $8.12/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 $5 strike, which has a bid at the time of this writing of 55 cents..