Commit To Buy RigNet At $5, Earn 19.8% Annualized Using Options
October 07, 2019 at 11:50 AM EDT
Investors eyeing a purchase of RigNet Inc (RNET) shares, but cautious about paying the going market price of $6.65/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2020 put at the $5 strike, which has a bid at the time of this writing of 60 cents..