Commit To Purchase Compass Minerals International At $22.50, Earn 10.1% Annualized Using Options
September 28, 2023 at 14:16 PM EDT
Investors eyeing a purchase of Compass Minerals International Inc (CMP) stock, but cautious about paying the going market price of $27.25/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2024 put at the $22.50 strike, which has a bid at the time of this writing of $1.05..