Commit To Buy Upstart Holdings At $12.50, Earn 16.4% Using Options
May 16, 2024 at 11:35 AM EDT
Investors considering a purchase of Upstart Holdings Inc (UPST) stock, but cautious about paying the going market price of $26.76/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December 2025 put at the $12.50 strike, which has a bid at the time of this writing of $2.05..