Commit To Buy Argan At $35, Earn 38.7% Annualized Using Options
April 13, 2018 at 11:54 AM EDT
Investors eyeing a purchase of Argan Inc (AGX) shares, but tentative about paying the going market price of $37.15/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May put at the $35 strike, which has a bid at the time of this writing of $1.30..