Commit To Buy Limbach Holdings At $30, Earn 8.7% Annualized Using Options
April 26, 2024 at 12:16 PM EDT
Investors eyeing a purchase of Limbach Holdings Inc (LMB) stock, but cautious about paying the going market price of $43.18/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $30 strike, which has a bid at the time of this writing of $1.25..