Commit To Buy Manitowoc Company At $7, Earn 9.8% Annualized Using Options
November 15, 2017 at 11:38 AM EST
Investors eyeing a purchase of Manitowoc Company Inc (MTW) stock, but tentative about paying the going market price of $9.41/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2018 put at the $7 strike, which has a bid at the time of this writing of 40 cents..