Commit To Buy Hecla Mining At $3, Earn 14.7% Annualized Using Options
June 01, 2016 at 12:49 PM EDT
Investors eyeing a purchase of Hecla Mining Co (HL) shares, but cautious about paying the going market price of $3.90/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $3 strike, which has a bid at the time of this writing of 24 cents..