Commit To Purchase Tronox At $13, Earn 9.2% Using Options
June 22, 2015 at 11:54 AM EDT
Investors eyeing a purchase of Tronox Ltd (TROX) shares, but cautious about paying the going market price of $16.99/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $13 strike, which has a bid at the time of this writing of $1.20..