Commit To Purchase Gibraltar Industries At $30, Earn 8.6% Annualized Using Options
April 19, 2017 at 14:44 PM EDT
Investors considering a purchase of Gibraltar Industries Inc (ROCK) stock, but cautious about paying the going market price of $37.50/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 $30 strike, which has a bid at the time of this writing of $1.50..