Commit To Buy Scientific Games Corp At $5, Earn 22% Using Options
May 26, 2016 at 11:47 AM EDT
Investors considering a purchase of Scientific Games Corp (SGMS) shares, but cautious about paying the going market price of $8.86/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $5 strike, which has a bid at the time of this writing of $1.10..