Commit To Buy Ribbon Communications At $2.50, Earn 16.5% Annualized Using Options
April 24, 2024 at 11:28 AM EDT
Investors considering a purchase of Ribbon Communications Inc (RBBN) stock, but tentative about paying the going market price of $3.34/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $2.50 strike, which has a bid at the time of this writing of 20 cents..