Commit To Purchase Intrepid Potash At $1, Earn 32.6% Annualized Using Options
May 27, 2016 at 11:49 AM EDT
Investors eyeing a purchase of Intrepid Potash Inc (IPI) shares, but cautious about paying the going market price of $1.26/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $1 strike, which has a bid at the time of this writing of 10 cents..