Commit To Purchase SemGroup Corp At $22.50, Earn 9.8% Annualized Using Options
August 24, 2016 at 11:44 AM EDT
Investors eyeing a purchase of SemGroup Corp (SEMG) stock, but cautious about paying the going market price of $30.99/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2017 put at the $22.50 strike, which has a bid at the time of this writing of $1.45..