Commit To Purchase Ultra Clean Holdings At $40, Earn 22.8% Annualized Using Options
February 15, 2024 at 14:52 PM EST
Investors eyeing a purchase of Ultra Clean Holdings Inc (UCTT) shares, but cautious about paying the going market price of $43.33/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 $40 strike, which has a bid at the time of this writing of $1.60..