Commit To Purchase Elastic At $70, Earn 10.7% Using Options
August 12, 2024 at 12:19 PM EDT
Investors eyeing a purchase of Elastic NV (ESTC) stock, but tentative about paying the going market price of $104.38/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 $70 strike, which has a bid at the time of this writing of $7.50..
