Commit To Purchase Timkensteel Corp At $10, Earn 10.5% Annualized Using Options
November 08, 2017 at 11:41 AM EST
Investors considering a purchase of Timkensteel Corp (TMST) stock, but tentative about paying the going market price of $13.90/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2018 put at the $10 strike, which has a bid at the time of this writing of 55 cents..