Commit To Purchase El Pollo Loco Holdings At $13, Earn 6.2% Using Options
July 08, 2015 at 11:34 AM EDT
Investors eyeing a purchase of El Pollo Loco Holdings Inc (LOCO) shares, but tentative about paying the going market price of $19.76/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 $13 strike, which has a bid at the time of this writing of 80 cents..