Commit To Buy tronc At $12.50, Earn 9.8% Annualized Using Options
August 08, 2018 at 11:50 AM EDT
Investors considering a purchase of tronc Inc (TRNC) shares, but tentative about paying the going market price of $14.45/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $12.50 strike, which has a bid at the time of this writing of 55 cents..