Commit To Purchase Seritage Growth Properties At $32, Earn 11.3% Annualized Using Options
January 29, 2019 at 11:49 AM EST
Investors eyeing a purchase of Seritage Growth Properties (SRG) stock, but cautious about paying the going market price of $39.75/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $32 strike, which has a bid at the time of this writing of $1.70..