Commit To Purchase Greif At $40, Earn 11.9% Annualized Using Options
December 13, 2018 at 13:25 PM EST
Investors eyeing a purchase of Greif Inc (GEF) stock, but tentative about paying the going market price of $44.67/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2019 put at the $40 strike, which has a bid at the time of this writing of $1.65..