Commit To Purchase Orion At $15, Earn 9672.5% Annualized Using Options
May 13, 2024 at 13:28 PM EDT
Investors considering a purchase of Orion SA (OEC) shares, but cautious about paying the going market price of $25.31/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May put at the $15 strike, which has a bid at the time of this writing of $15.90..