Commit To Buy Cardlytics At $70, Earn 24.3% Annualized Using Options

Investors considering a purchase of Cardlytics Inc (CDLX) shares, but cautious about paying the going market price of $77.77/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2022 put at the $70 strike, which has a bid at the time of this writing of $11.10..