Commit To Purchase Hyliion Holdings At $1, Earn 29.9% Annualized Using Options
April 18, 2024 at 11:30 AM EDT
Investors eyeing a purchase of Hyliion Holdings Corp (HYLN) shares, but tentative about paying the going market price of $1.44/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 $1 strike, which has a bid at the time of this writing of 15 cents..