Commit To Buy Rackspace Hosting At $28, Earn 6.2% Using Options
December 12, 2014 at 11:45 AM EST
Investors eyeing a purchase of Rackspace Hosting Inc (RAX) stock, but tentative about paying the going market price of $45.87/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $28 strike, which has a bid at the time of this writing of $1.75..