Commit To Purchase Pinnacle Entertainment At $25, Earn 5.2% Using Options
May 28, 2015 at 11:45 AM EDT
Investors eyeing a purchase of Pinnacle Entertainment Inc (PNK) stock, but cautious about paying the going market price of $36.70/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $25 strike, which has a bid at the time of this writing of $1.30..