Commit To Purchase Smart Sand At $5, Earn 24.3% Annualized Using Options
August 21, 2018 at 11:50 AM EDT
Investors eyeing a purchase of Smart Sand Inc (SND) stock, but tentative about paying the going market price of $5.17/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 $5 strike, which has a bid at the time of this writing of 50 cents..