Commit To Buy Entercom Communications Corp At $8, Earn 9.1% Annualized Using Options
April 16, 2018 at 11:51 AM EDT
Investors considering a purchase of Entercom Communications Corp (ETM) stock, but cautious about paying the going market price of $9.70/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $8 strike, which has a bid at the time of this writing of 55 cents..