Commit To Buy Appian At $30, Earn 13.7% Annualized Using Options
April 15, 2024 at 12:06 PM EDT
Investors considering a purchase of Appian Corp (APPN) shares, but tentative about paying the going market price of $37.79/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $30 strike, which has a bid at the time of this writing of $2.80..