Commit To Purchase Schnitzer Steel Industries At $17, Earn 14.7% Annualized Using Options
May 11, 2017 at 11:48 AM EDT
Investors eyeing a purchase of Schnitzer Steel Industries Inc (SCHN) stock, but tentative about paying the going market price of $19.57/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $17 strike, which has a bid at the time of this writing of $1.30..