Commit To Purchase Mack Cali Realty Corp At $17.50, Earn 11.2% Annualized Using Options
November 22, 2016 at 11:36 AM EST
Investors eyeing a purchase of Mack Cali Realty Corp (CLI) stock, but cautious about paying the going market price of $26.32/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July 2017 put at the $17.50 strike, which has a bid at the time of this writing of $1.30..