Commit To Purchase Entercom Communications At $7.50, Earn 6.2% Annualized Using Options
July 28, 2015 at 11:35 AM EDT
Investors considering a purchase of Entercom Communications Corp (ETM) stock, but tentative about paying the going market price of $9.82/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2016 put at the $7.50 strike, which has a bid at the time of this writing of 30 cents..