Commit To Buy SolarCity Corp At $16, Earn 19.2% Annualized Using Options
April 22, 2016 at 11:36 AM EDT
Investors eyeing a purchase of SolarCity Corp (SCTY) shares, but cautious about paying the going market price of $33.13/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $16 strike, which has a bid at the time of this writing of $2.30..