Commit To Buy YRC Worldwide At $20, Earn 13.5% Using Options
July 08, 2014 at 11:45 AM EDT
Investors considering a purchase of YRC Worldwide Inc (YRCW) shares, but tentative about paying the going market price of $28.50/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 $20 strike, which has a bid at the time of this writing of $2.70..