Commit To Purchase Tutor Perini Corp At $15, Earn 10.1% Annualized Using Options
May 05, 2016 at 11:44 AM EDT
Investors eyeing a purchase of Tutor Perini Corp (TPC) shares, but cautious about paying the going market price of $18.80/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $15 strike, which has a bid at the time of this writing of 70 cents..