FS KKR Capital Corp (FSK) is a private credit investment fund that cut its dividend last quarter. Yet FSK stock still has a 16.6% annual yield. That's if FSK doesn't cut the distribution rate again on May 11 when FSK releases its Q1 earnings before the market opens.
Value investors are looking carefully for a good entry point. One way to do this is to short near-term out-of-the-money (OTM) puts, as I will show in this article.
