Commit To Buy Ultratech At $17.50, Earn 9% Annualized Using Options
May 18, 2015 at 11:37 AM EDT
Investors eyeing a purchase of Ultratech Inc (UTEK) stock, but tentative about paying the going market price of $20.51/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $17.50 strike, which has a bid at the time of this writing of 80 cents..