Commit To Purchase Banc Of California At $14, Earn 7.6% Annualized Using Options
April 13, 2018 at 11:54 AM EDT
Investors considering a purchase of Banc Of California Inc (BANC) stock, but tentative about paying the going market price of $18.40/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $14 strike, which has a bid at the time of this writing of 55 cents..