Commit To Purchase Revlon At $17.50, Earn 26.8% Annualized Using Options
November 08, 2017 at 11:42 AM EST
Investors eyeing a purchase of Revlon Inc (REV) shares, but tentative about paying the going market price of $21.55/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2018 put at the $17.50 strike, which has a bid at the time of this writing of $2.45..