Commit To Buy Nordic American Tankers At $3, Earn 6.7% Using Options
July 22, 2016 at 11:44 AM EDT
Investors eyeing a purchase of Nordic American Tankers Ltd (NAT) shares, but cautious about paying the going market price of $13.18/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 $3 strike, which has a bid at the time of this writing of 20 cents..