Commit To Buy Palo Alto Networks At $185, Earn 5.5% Using Options
May 09, 2024 at 11:32 AM EDT
Investors eyeing a purchase of Palo Alto Networks, Inc (PANW) shares, but cautious about paying the going market price of $299.57/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $185 strike, which has a bid at the time of this writing of $10.20..