Commit To Purchase Applied Digital At $3, Earn 28.3% Using Options
July 19, 2024 at 12:07 PM EDT
Investors considering a purchase of Applied Digital Corporation (APLD) shares, but tentative about paying the going market price of $5.56/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $3 strike, which has a bid at the time of this writing of 85 cents..
