Commit To Buy First Bancorp At $5, Earn 9.9% Annualized Using Options
January 20, 2017 at 13:08 PM EST
Investors considering a purchase of First Bancorp (FBP) stock, but cautious about paying the going market price of $6.58/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June put at the $5 strike, which has a bid at the time of this writing of 20 cents..