Commit To Buy Nexstar Broadcasting Group At $40, Earn 6.5% Annualized Using Options
October 13, 2016 at 11:37 AM EDT
Investors considering a purchase of Nexstar Broadcasting Group Inc (NXST) stock, but cautious about paying the going market price of $54.30/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2017 put at the $40 strike, which has a bid at the time of this writing of $1.55..