Commit To Buy Culp At $17.50, Earn 9.3% Annualized Using Options
December 07, 2018 at 13:13 PM EST
Investors considering a purchase of Culp Inc (CULP) stock, but tentative about paying the going market price of $20.69/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July 2019 put at the $17.50 strike, which has a bid at the time of this writing of $1.00..