Commit To Buy NextNav At $5, Earn 26% Using Options
July 19, 2024 at 12:07 PM EDT
Investors considering a purchase of NextNav Inc (NN) shares, but tentative about paying the going market price of $8.18/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $5 strike, which has a bid at the time of this writing of $1.30..