Commit To Buy Resolute Forest Products At $10, Earn 9.7% Annualized Using Options
June 04, 2015 at 11:40 AM EDT
Investors eyeing a purchase of Resolute Forest Products Inc (RFP) shares, but cautious about paying the going market price of $11.74/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $10 strike, which has a bid at the time of this writing of 60 cents..