Commit To Buy Clear Channel Outdoor Holdings At $1, Earn 7.7% Annualized Using Options
April 26, 2024 at 12:13 PM EDT
Investors considering a purchase of Clear Channel Outdoor Holdings Inc (CCO) shares, but tentative about paying the going market price of $1.46/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 $1 strike, which has a bid at the time of this writing of 5 cents..