Commit To Purchase Gener8 Maritime At $2.50, Earn 5.4% Annualized Using Options
May 08, 2018 at 11:49 AM EDT
Investors eyeing a purchase of Gener8 Maritime Inc (GNRT) shares, but tentative about paying the going market price of $5.68/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $2.50 strike, which has a bid at the time of this writing of 5 cents..