Commit To Purchase Nordic American Tankers At $2.50, Earn 12% Using Options
April 16, 2024 at 12:43 PM EDT
Investors considering a purchase of Nordic American Tankers Ltd (NAT) shares, but tentative about paying the going market price of $3.81/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $2.50 strike, which has a bid at the time of this writing of 30 cents..