Commit To Purchase Metropolitan Bank Holding Corp At $17.50, Earn 7.8% Annualized Using Options
April 10, 2024 at 13:03 PM EDT
Investors considering a purchase of Metropolitan Bank Holding Corp (MCB) stock, but cautious about paying the going market price of $35.35/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2025 put at the $17.50 strike, which has a bid at the time of this writing of $1.05..