Commit To Buy Heritage-Crystal Clean At $22.50, Earn 15.9% Annualized Using Options
August 16, 2018 at 12:10 PM EDT
Investors eyeing a purchase of Heritage-Crystal Clean Inc (HCCI) shares, but tentative about paying the going market price of $22.75/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2019 put at the $22.50 strike, which has a bid at the time of this writing of $1.80..