Commit To Buy Federal Agricultural Mortgage Corp At $65, Earn 5.1% Annualized Using Options
December 02, 2019 at 11:50 AM EST
Investors considering a purchase of Federal Agricultural Mortgage Corp (AGM) shares, but tentative about paying the going market price of $82.87/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2020 put at the $65 strike, which has a bid at the time of this writing of $1.50..