Commit To Buy First Bancorp At $5, Earn 10% Annualized Using Options
June 15, 2017 at 12:06 PM EDT
Investors eyeing a purchase of First Bancorp (FBP) stock, but cautious about paying the going market price of $5.67/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 $5 strike, which has a bid at the time of this writing of 25 cents..