Commit To Purchase Cray At $22.50, Earn 9.6% Annualized Using Options
July 14, 2015 at 11:32 AM EDT
Investors eyeing a purchase of Cray Inc (CRAY) stock, but cautious about paying the going market price of $27.41/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $22.50 strike, which has a bid at the time of this writing of $1.10..