Commit To Purchase Contura Energy At $5, Earn 20.4% Annualized Using Options
February 24, 2020 at 12:30 PM EST
Investors considering a purchase of Contura Energy Inc (CTRA) stock, but tentative about paying the going market price of $6.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $5 strike, which has a bid at the time of this writing of 50 cents..