Commit To Buy TPI Composites At $2.50, Earn 48.4% Annualized Using Options
April 18, 2024 at 11:34 AM EDT
Investors considering a purchase of TPI Composites Inc (TPIC) shares, but cautious about paying the going market price of $2.89/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $2.50 strike, which has a bid at the time of this writing of 70 cents..