Commit To Purchase Verisign At $170, Earn 5.7% Annualized Using Options
October 23, 2024 at 11:54 AM EDT
Investors considering a purchase of Verisign Inc (VRSN) stock, but cautious about paying the going market price of $185.85/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2025 put at the $170 strike, which has a bid at the time of this writing of $6.40..