Commit To Purchase Signature Bank At $145, Earn 7.9% Annualized Using Options
November 20, 2015 at 11:38 AM EST
Investors considering a purchase of Signature Bank (SBNY) shares, but tentative about paying the going market price of $157.43/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September 2016 put at the $145 strike, which has a bid at the time of this writing of $9.40..