Commit To Buy NN At $10, Earn 38.8% Annualized Using Options
February 11, 2016 at 11:41 AM EST
Investors eyeing a purchase of NN, Inc (NNBR) stock, but cautious about paying the going market price of $10.62/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June put at the $10 strike, which has a bid at the time of this writing of $1.35..