Commit To Buy Covenant Transportation Group At $15, Earn 9.4% Annualized Using Options
December 30, 2016 at 11:37 AM EST
Investors eyeing a purchase of Covenant Transportation Group Inc (CVTI) shares, but tentative about paying the going market price of $19.44/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2017 put at the $15 strike, which has a bid at the time of this writing of 65 cents..