Commit To Purchase Siebert Financial Corp At $10, Earn 14.5% Annualized Using Options

Investors eyeing a purchase of Siebert Financial Corp (SIEB) shares, but cautious about paying the going market price of $13.07/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2019 put at the $10 strike, which has a bid at the time of this writing of 85 cents..