Commit To Buy First Bancorp At $3, Earn 17.1% Annualized Using Options
October 08, 2015 at 11:45 AM EDT
Investors eyeing a purchase of First Bancorp (FBP) stock, but tentative about paying the going market price of $3.94/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $3 strike, which has a bid at the time of this writing of 10 cents..