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Commit To Buy Premier Financial At $5, Earn 6296.2% Annualized Using Options

Investors eyeing a purchase of Premier Financial Corp (PFC) shares, but tentative about paying the going market price of $21.31/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May put at the $5 strike, which has a bid at the time of this writing of $3.45..
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