Commit To Buy Gray Television At $7.50, Earn 12.4% Annualized Using Options
September 22, 2014 at 12:15 PM EDT
Investors considering a purchase of Gray Television Inc (GTN) shares, but tentative about paying the going market price of $8.69/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2015 put at the $7.50 strike, which has a bid at the time of this writing of 60 cents..