Commit To Buy Genco Shipping & Trading At $9.68, Earn 24.1% Annualized Using Options
December 03, 2019 at 14:57 PM EST
Investors eyeing a purchase of Genco Shipping & Trading Ltd (GNK) shares, but tentative about paying the going market price of $9.89/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 $9.68 strike, which has a bid at the time of this writing of $1.05..
