Commit To Buy Ciena At $25, Earn 673.9% Annualized Using Options
June 10, 2024 at 11:40 AM EDT
Investors considering a purchase of Ciena Corp (CIEN) shares, but cautious about paying the going market price of $45.76/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $25 strike, which has a bid at the time of this writing of $18.00..