Commit To Buy Texas Capital Bancshares At $35, Earn 10.9% Annualized Using Options
May 05, 2016 at 11:44 AM EDT
Investors eyeing a purchase of Texas Capital Bancshares Inc (TCBI) shares, but tentative about paying the going market price of $42.56/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $35 strike, which has a bid at the time of this writing of $1.40..