Commit To Purchase On Deck Capital At $4, Earn 15.3% Annualized Using Options
September 21, 2017 at 13:11 PM EDT
Investors eyeing a purchase of On Deck Capital Inc (ONDK) stock, but tentative about paying the going market price of $4.73/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 $4 strike, which has a bid at the time of this writing of 40 cents..