Commit To Purchase Ennis At $20, Earn 13.7% Annualized Using Options
March 21, 2019 at 11:57 AM EDT
Investors eyeing a purchase of Ennis Inc (EBF) shares, but cautious about paying the going market price of $21.11/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $20 strike, which has a bid at the time of this writing of 90 cents..