Commit To Purchase Elastic At $75, Earn 13.2% Using Options
April 25, 2024 at 11:30 AM EDT
Investors considering a purchase of Elastic NV (ESTC) shares, but tentative about paying the going market price of $102.06/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 $75 strike, which has a bid at the time of this writing of $9.90..