Commit To Purchase Siebert Financial Corp At $12.50, Earn 21.9% Annualized Using Options
July 17, 2018 at 11:49 AM EDT
Investors considering a purchase of Siebert Financial Corp (SIEB) shares, but tentative about paying the going market price of $14.71/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2019 put at the $12.50 strike, which has a bid at the time of this writing of $1.60..