Commit To Purchase Piedmont Lithium At $10, Earn 27.7% Annualized Using Options
March 11, 2024 at 15:17 PM EDT
Investors considering a purchase of Piedmont Lithium Inc (PLL) stock, but tentative about paying the going market price of $13.81/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $10 strike, which has a bid at the time of this writing of $1.20..