Commit To Buy S & T Bancorp At $17.50, Earn 676.8% Annualized Using Options
May 20, 2024 at 11:29 AM EDT
Investors considering a purchase of S & T Bancorp Inc (STBA) shares, but cautious about paying the going market price of $33.02/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 $17.50 strike, which has a bid at the time of this writing of $49.00..