Commit To Purchase Upwork At $7.50, Earn 14% Using Options
April 19, 2024 at 11:33 AM EDT
Investors eyeing a purchase of Upwork Inc (UPWK) shares, but tentative about paying the going market price of $11.28/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 $7.50 strike, which has a bid at the time of this writing of $1.05..