Commit To Buy Sterling Bancorp At $15, Earn 9.2% Annualized Using Options
October 29, 2018 at 11:16 AM EDT
Investors considering a purchase of Sterling Bancorp (STL) shares, but tentative about paying the going market price of $17.93/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $15 strike, which has a bid at the time of this writing of 20 cents..
