Agree To Purchase Newmont Mining At $20, Earn 8.8% Using Options
May 26, 2016 at 11:43 AM EDT
Investors eyeing a purchase of Newmont Mining Corp (NEM) shares, but tentative about paying the going market price of $32.34/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $20 strike, which has a bid at the time of this writing of $1.76..