Commit To Purchase ContextLogic At $3, Earn 6.7% Using Options
April 04, 2024 at 11:33 AM EDT
Investors eyeing a purchase of ContextLogic Inc (WISH) shares, but cautious about paying the going market price of $5.87/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 20 cents..