Commit To Buy Virgin Galactic Holdings At $4, Earn 30.3% Annualized Using Options
December 20, 2024 at 11:52 AM EST
Investors eyeing a purchase of Virgin Galactic Holdings Inc (SPCE) stock, but tentative about paying the going market price of $6.22/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December 2025 put at the $4 strike, which has a bid at the time of this writing of $1.21..