Commit To Purchase NN At $22.50, Earn 10.4% Annualized Using Options
August 17, 2017 at 11:34 AM EDT
Investors considering a purchase of NN, Inc (NNBR) shares, but cautious about paying the going market price of $26.30/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2018 put at the $22.50 strike, which has a bid at the time of this writing of $1.35..