Commit To Purchase US Concrete At $37.50, Earn 8.6% Annualized Using Options
May 02, 2019 at 11:52 AM EDT
Investors eyeing a purchase of US Concrete Inc (USCR) stock, but cautious about paying the going market price of $47.28/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $37.50 strike, which has a bid at the time of this writing of $1.75..