Commit To Buy New York Mortgage Trust At $5, Earn 13% Annualized Using Options
October 19, 2018 at 13:06 PM EDT
Investors eyeing a purchase of New York Mortgage Trust Inc (NYMT) shares, but tentative about paying the going market price of $5.95/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $5 strike, which has a bid at the time of this writing of 5 cents..