Commit To Purchase Erasca At $1, Earn 10.3% Annualized Using Options
April 24, 2024 at 11:28 AM EDT
Investors considering a purchase of Erasca Inc (ERAS) shares, but cautious about paying the going market price of $1.89/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $1 strike, which has a bid at the time of this writing of 5 cents..