Commit To Purchase MGP Ingredients At $75, Earn 9% Annualized Using Options
July 20, 2018 at 11:49 AM EDT
Investors eyeing a purchase of MGP Ingredients Inc (MGPI) stock, but cautious about paying the going market price of $92.28/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $75 strike, which has a bid at the time of this writing of $2.85..