Commit To Buy TowneBank At $22.50, Earn 4.5% Annualized Using Options
March 07, 2019 at 11:58 AM EST
Investors eyeing a purchase of TowneBank (TOWN) stock, but cautious about paying the going market price of $26.52/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $22.50 strike, which has a bid at the time of this writing of 55 cents..