Commit To Buy NovoCure At $7.50, Earn 15.3% Using Options
April 12, 2024 at 11:33 AM EDT
Investors considering a purchase of NovoCure Ltd (NVCR) stock, but cautious about paying the going market price of $13.55/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 $7.50 strike, which has a bid at the time of this writing of $1.15..