Commit To Purchase International Game Technology At $14, Earn 12.8% Annualized Using Options
October 17, 2014 at 11:35 AM EDT
Investors considering a purchase of International Game Technology (IGT) stock, but tentative about paying the going market price of $16.29/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $14 strike, which has a bid at the time of this writing of 45 cents..