Commit To Buy Construction Partners At $15, Earn 12.8% Annualized Using Options
December 11, 2019 at 12:02 PM EST
Investors eyeing a purchase of Construction Partners Inc (ROAD) shares, but tentative about paying the going market price of $17.17/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July 2020 put at the $15 strike, which has a bid at the time of this writing of $1.15..