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Commit To Purchase Hibbett At $65, Earn 12.4% Annualized Using Options

Investors eyeing a purchase of Hibbett Inc (HIBB) stock, but cautious about paying the going market price of $75.50/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $65 strike, which has a bid at the time of this writing of $5.30..
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