Commit To Buy Annaly Capital Management At $8, Earn 7.6% Using Options
April 10, 2014 at 11:53 AM EDT
Investors eyeing a purchase of Annaly Capital Management Inc (NLY) stock, but cautious about paying the going market price of $11.42/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $8 strike, which has a bid at the time of this writing of 61 cents..