Commit To Purchase First Bancorp At $4, Earn 14.2% Annualized Using Options
July 10, 2015 at 11:41 AM EDT
Investors eyeing a purchase of First Bancorp (FBP) stock, but tentative about paying the going market price of $4.74/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $4 strike, which has a bid at the time of this writing of 25 cents..