Commit To Buy Envestnet At $35, Earn 6.8% Annualized Using Options
February 21, 2024 at 14:26 PM EST
Investors eyeing a purchase of Envestnet Inc (ENV) stock, but tentative about paying the going market price of $49.37/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $35 strike, which has a bid at the time of this writing of $1.15..