Commit To Buy MoneyGram International At $7.50, Earn 12.8% Annualized Using Options
November 25, 2014 at 11:55 AM EST
Investors considering a purchase of MoneyGram International Inc (MGI) stock, but cautious about paying the going market price of $8.84/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2015 put at the $7.50 strike, which has a bid at the time of this writing of 45 cents..