Commit To Buy Leap Wireless International At $16, Earn 14.7% Annualized Using Options
February 11, 2014 at 11:27 AM EST
Investors eyeing a purchase of Leap Wireless International (LEAP) stock, but tentative about paying the going market price of $17.59/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 $16 strike, which has a bid at the time of this writing of $1.02..