Commit To Purchase Archer Aviation At $3, Earn 20% Using Options
July 24, 2024 at 11:34 AM EDT
Investors considering a purchase of Archer Aviation Inc (ACHR) stock, but cautious about paying the going market price of $4.43/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 $3 strike, which has a bid at the time of this writing of 60 cents..