Commit To Purchase Alon USA Energy At $5, Earn 10.4% Annualized Using Options
May 20, 2016 at 11:50 AM EDT
Investors considering a purchase of Alon USA Energy Inc (ALJ) stock, but cautious about paying the going market price of $7.88/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 $5 strike, which has a bid at the time of this writing of 30 cents..