Commit To Buy Green Dot Corp At $17.50, Earn 9.8% Annualized Using Options

Investors considering a purchase of Green Dot Corp (GDOT) shares, but tentative about paying the going market price of $22.54/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2015 put at the $17.50 strike, which has a bid at the time of this writing of 90 cents..