Commit To Purchase ERA Group At $7.50, Earn 14.1% Annualized Using Options
June 08, 2017 at 11:38 AM EDT
Investors considering a purchase of ERA Group Inc (ERA) shares, but tentative about paying the going market price of $8.72/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $7.50 strike, which has a bid at the time of this writing of 55 cents..