Commit To Buy Cardlytics At $5, Earn 24% Using Options
May 14, 2024 at 11:33 AM EDT
Investors eyeing a purchase of Cardlytics Inc (CDLX) stock, but cautious about paying the going market price of $9.47/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December 2025 put at the $5 strike, which has a bid at the time of this writing of $1.20..