Commit To Purchase Navios Maritime Holdings At $2.50, Earn 9.9% Annualized Using Options

Investors eyeing a purchase of Navios Maritime Holdings Inc (NM) shares, but cautious about paying the going market price of $3.95/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $2.50 strike, which has a bid at the time of this writing of 10 cents..
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