Commit To Buy Citi Trends At $22.50, Earn 5.8% Annualized Using Options
July 20, 2018 at 11:51 AM EDT
Investors considering a purchase of Citi Trends Inc (CTRN) shares, but cautious about paying the going market price of $28.96/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2019 put at the $22.50 strike, which has a bid at the time of this writing of 75 cents..