Commit To Buy Community Bank System At $20, Earn 15.7% Annualized Using Options
April 18, 2024 at 11:34 AM EDT
Investors considering a purchase of Community Bank System Inc (CBU) shares, but cautious about paying the going market price of $42.26/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May put at the $20 strike, which has a bid at the time of this writing of 25 cents..