Commit To Buy Clear Channel Outdoor Holdings At $5, Earn 9.2% Annualized Using Options
November 20, 2015 at 11:32 AM EST
Investors considering a purchase of Clear Channel Outdoor Holdings Inc (CCO) shares, but cautious about paying the going market price of $5.91/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2016 put at the $5 strike, which has a bid at the time of this writing of 15 cents..