Commit To Buy NN At $15, Earn 11.9% Annualized Using Options
July 10, 2018 at 11:46 AM EDT
Investors eyeing a purchase of NN, Inc (NNBR) shares, but tentative about paying the going market price of $18.57/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $15 strike, which has a bid at the time of this writing of 80 cents..