Commit To Purchase Timkensteel At $2.50, Earn 13.4% Annualized Using Options
January 14, 2016 at 14:18 PM EST
Investors eyeing a purchase of Timkensteel Corp (TMST) stock, but tentative about paying the going market price of $4.26/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 $2.50 strike, which has a bid at the time of this writing of 20 cents..