Commit To Purchase Cannae Holdings At $12.50, Earn 11.8% Annualized Using Options
April 18, 2024 at 11:30 AM EDT
Investors eyeing a purchase of Cannae Holdings Inc (CNNE) stock, but cautious about paying the going market price of $19.62/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $12.50 strike, which has a bid at the time of this writing of 85 cents..