Commit To Purchase AZZ At $40, Earn 11.3% Annualized Using Options
December 16, 2014 at 11:57 AM EST
Investors eyeing a purchase of AZZ Inc (AZZ) shares, but tentative about paying the going market price of $45.09/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 $40 strike, which has a bid at the time of this writing of $1.85..