Commit To Buy SCANA Corp At $70, Earn 7.6% Annualized Using Options
July 28, 2016 at 11:47 AM EDT
Investors considering a purchase of SCANA Corp (SCG) stock, but cautious about paying the going market price of $73.53/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 $70 strike, which has a bid at the time of this writing of $1.65..