Commit To Purchase Blade Air Mobility At $2.50, Earn 29.8% Annualized Using Options

Investors eyeing a purchase of Blade Air Mobility Inc (BLDE) shares, but tentative about paying the going market price of $4.06/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2025 put at the $2.50 strike, which has a bid at the time of this writing of 30 cents..