Commit To Purchase Continental Building Products At $22.50, Earn 13.4% Annualized Using Options
May 30, 2019 at 11:49 AM EDT
Investors eyeing a purchase of Continental Building Products Inc (CBPX) stock, but cautious about paying the going market price of $23.01/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $22.50 strike, which has a bid at the time of this writing of $1.40..