Commit To Purchase Cooper-Standard Holdings At $20, Earn 22.1% Annualized Using Options
September 24, 2021 at 11:48 AM EDT
Investors eyeing a purchase of Cooper-Standard Holdings Inc (CPS) stock, but cautious about paying the going market price of $23.79/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2022 put at the $20 strike, which has a bid at the time of this writing of $2.45..