Commit To Buy Texas Capital Bancshares At $40, Earn 8.3% Annualized Using Options
August 09, 2016 at 11:55 AM EDT
Investors eyeing a purchase of Texas Capital Bancshares Inc (TCBI) shares, but tentative about paying the going market price of $50.06/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $40 strike, which has a bid at the time of this writing of $2.00..