Commit To Buy Ebix At $8, Earn 11.9% Using Options
March 25, 2014 at 12:17 PM EDT
Investors eyeing a purchase of Ebix Inc (EBIX) stock, but cautious about paying the going market price of $17.35/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 $8 strike, which has a bid at the time of this writing of 95 cents..