Commit To Purchase Intrepid Potash At $19, Earn 31.5% Annualized Using Options
February 15, 2024 at 14:49 PM EST
Investors eyeing a purchase of Intrepid Potash Inc (IPI) shares, but cautious about paying the going market price of $19.96/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April put at the $19 strike, which has a bid at the time of this writing of $1.05..