Commit To Purchase Ranpak Holdings At $5, Earn 18.4% Annualized Using Options
April 19, 2024 at 11:36 AM EDT
Investors considering a purchase of Ranpak Holdings Corp (PACK) shares, but cautious about paying the going market price of $7.14/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 $5 strike, which has a bid at the time of this writing of 30 cents..