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Commit To Buy Siebert Financial Corp At $10, Earn 21.3% Annualized Using Options

Investors considering a purchase of Siebert Financial Corp (SIEB) stock, but cautious about paying the going market price of $12.44/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $10 strike, which has a bid at the time of this writing of $1.25..
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