Commit To Buy Benefitfocus At $30, Earn 12.8% Annualized Using Options
June 11, 2015 at 11:34 AM EDT
Investors eyeing a purchase of Benefitfocus Inc (BNFT) shares, but cautious about paying the going market price of $38.30/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 $30 strike, which has a bid at the time of this writing of $1.70..