Commit To Buy BlackLine At $45, Earn 7.2% Annualized Using Options
January 31, 2020 at 11:55 AM EST
Investors considering a purchase of BlackLine Inc (BL) shares, but cautious about paying the going market price of $60.01/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $45 strike, which has a bid at the time of this writing of $1.80..