Commit To Purchase Scorpio Bulkers At $5, Earn 5.1% Annualized Using Options
August 13, 2018 at 11:49 AM EDT
Investors eyeing a purchase of Scorpio Bulkers Inc (SALT) shares, but tentative about paying the going market price of $6.65/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2019 put at the $5 strike, which has a bid at the time of this writing of 15 cents..