Commit To Purchase Oppenheimer Holdings At $12.50, Earn 13.5% Annualized Using Options
April 07, 2016 at 11:55 AM EDT
Investors considering a purchase of Oppenheimer Holdings Inc (OPY) stock, but cautious about paying the going market price of $14.48/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $12.50 strike, which has a bid at the time of this writing of 75 cents..