Commit To Buy Teekay Tankers At $2.50, Earn 6.3% Annualized Using Options
September 26, 2014 at 11:36 AM EDT
Investors eyeing a purchase of Teekay Tankers Ltd (TNK) stock, but tentative about paying the going market price of $3.71/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2015 put at the $2.50 strike, which has a bid at the time of this writing of 10 cents..