Commit To Buy BlackLine At $35, Earn 8.3% Annualized Using Options
October 03, 2019 at 12:00 PM EDT
Investors eyeing a purchase of BlackLine Inc (BL) stock, but tentative about paying the going market price of $46.93/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2020 put at the $35 strike, which has a bid at the time of this writing of $1.80..