Commit To Purchase Tronox At $7, Earn 17.6% Annualized Using Options
November 22, 2016 at 11:41 AM EST
Investors eyeing a purchase of Tronox Ltd (TROX) shares, but cautious about paying the going market price of $10.99/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2017 put at the $7 strike, which has a bid at the time of this writing of 60 cents..