Commit To Buy MoneyGram International At $7.50, Earn 13.4% Annualized Using Options
March 11, 2015 at 11:31 AM EDT
Investors considering a purchase of MoneyGram International Inc (MGI) shares, but cautious about paying the going market price of $8.48/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $7.50 strike, which has a bid at the time of this writing of 45 cents..