Commit To Purchase Chegg At $1.50, Earn 26.7% Using Options
December 20, 2024 at 11:56 AM EST
Investors eyeing a purchase of Chegg Inc (CHGG) stock, but cautious about paying the going market price of $1.83/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 $1.50 strike, which has a bid at the time of this writing of 40 cents..
