Commit To Buy Teekay Corp At $5, Earn 14.1% Annualized Using Options
September 26, 2016 at 11:44 AM EDT
Investors considering a purchase of Teekay Corp (TK) stock, but tentative about paying the going market price of $7.43/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 $5 strike, which has a bid at the time of this writing of 40 cents..