Commit To Buy Ryerson Holding Corp At $5, Earn 6.9% Annualized Using Options
July 15, 2019 at 11:46 AM EDT
Investors eyeing a purchase of Ryerson Holding Corp (RYI) shares, but cautious about paying the going market price of $7.76/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 $5 strike, which has a bid at the time of this writing of 15 cents..