Commit To Buy PharMerica Corp At $17.50, Earn 15.2% Annualized Using Options
December 16, 2014 at 12:10 PM EST
Investors eyeing a purchase of PharMerica Corp (PMC) shares, but cautious about paying the going market price of $19.92/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 $1.35..