Commit To Purchase Hibbett At $65, Earn 12.4% Annualized Using Options
February 21, 2024 at 14:26 PM EST
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..