Commit To Buy Scientific Games Corp At $8, Earn 18.8% Using Options
November 28, 2016 at 11:39 AM EST
Investors considering a purchase of Scientific Games Corp (SGMS) shares, but cautious about paying the going market price of $14.85/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $8 strike, which has a bid at the time of this writing of $1.50..