Commit To Buy Under Armour At $60, Earn 5.8% Using Options
April 22, 2015 at 11:42 AM EDT
Investors eyeing a purchase of Under Armour Inc (UA) stock, but cautious about paying the going market price of $82.35/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 $60 strike, which has a bid at the time of this writing of $3.50..