Commit To Purchase Coherent At $60, Earn 1186.2% Annualized Using Options
June 11, 2024 at 12:20 PM EDT
Investors eyeing a purchase of Coherent Corp (COHR) stock, but tentative about paying the going market price of $67.47/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June put at the $60 strike, which has a bid at the time of this writing of $19.50..
