Commit To Buy Red Lions Hotels Corp At $5, Earn 11.4% Annualized Using Options
September 11, 2019 at 11:20 AM EDT
Investors considering a purchase of Red Lions Hotels Corp (RLH) stock, but tentative about paying the going market price of $5.99/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2020 put at the $5 strike, which has a bid at the time of this writing of 20 cents..