Commit To Purchase Covenant Transportation Group At $17.50, Earn 11.7% Annualized Using Options
April 22, 2019 at 11:52 AM EDT
Investors considering a purchase of Covenant Transportation Group Inc (CVTI) shares, but cautious about paying the going market price of $20.86/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $17.50 strike, which has a bid at the time of this writing of 85 cents..