Commit To Purchase Omnova Solutions At $5, Earn 12.6% Annualized Using Options
September 26, 2014 at 11:35 AM EDT
Investors considering a purchase of Omnova Solutions Inc (OMN) stock, but tentative about paying the going market price of $5.72/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2015 put at the $5 strike, which has a bid at the time of this writing of 40 cents..