Commit To Buy Gray Television At $7.50, Earn 7.9% Annualized Using Options
May 22, 2014 at 11:45 AM EDT
Investors considering a purchase of Gray Television Inc (GTN) shares, but tentative about paying the going market price of $10.67/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 $7.50 strike, which has a bid at the time of this writing of 30 cents..