Commit To Buy Tri Pointe Homes At $15, Earn 12.3% Annualized Using Options
February 11, 2014 at 11:25 AM EST
Investors considering a purchase of Tri Pointe Homes (TPH) stock, but cautious about paying the going market price of $17.41/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 $15 strike, which has a bid at the time of this writing of 80 cents..