Commit To Buy Media General At $15, Earn 13.7% Annualized Using Options
May 27, 2015 at 11:34 AM EDT
Investors considering a purchase of Media General Inc (MEG) shares, but tentative about paying the going market price of $16.82/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $15 strike, which has a bid at the time of this writing of $1.00..