Commit To Buy Clear Channel Outdoor Holdings At $7.50, Earn 11.5% Annualized Using Options
August 20, 2015 at 11:35 AM EDT
Investors considering a purchase of Clear Channel Outdoor Holdings Inc (CCO) shares, but cautious about paying the going market price of $8.12/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2016 put at the $7.50 strike, which has a bid at the time of this writing of 50 cents..