Commit To Buy Nordic American Tankers At $9.87, Earn 6.9% Annualized Using Options
April 23, 2015 at 11:56 AM EDT
Investors considering a purchase of Nordic American Tankers Ltd (NAT) stock, but cautious about paying the going market price of $12.96/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $9.87 strike, which has a bid at the time of this writing of 50 cents..