Commit To Buy Cleveland-Cliffs At $3, Earn 7% Using Options
November 08, 2017 at 11:44 AM EST
Investors considering a purchase of Cleveland-Cliffs Inc (CLF) stock, but tentative about paying the going market price of $6.20/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 $3 strike, which has a bid at the time of this writing of 21 cents..
