Commit To Purchase Orchid Island Capital At $2.50, Earn 8% Annualized Using Options
April 19, 2024 at 11:33 AM EDT
Investors considering a purchase of Orchid Island Capital Inc (ORC) shares, but cautious about paying the going market price of $8.18/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $2.50 strike, which has a bid at the time of this writing of 10 cents..