Commit To Purchase Federal-Mogul Holdings Corp At $7.50, Earn 14.5% Annualized Using Options
October 13, 2015 at 11:40 AM EDT
Investors eyeing a purchase of Federal-Mogul Holdings Corp (FDML) stock, but tentative about paying the going market price of $8.23/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2016 put at the $7.50 strike, which has a bid at the time of this writing of 55 cents..