Commit To Purchase Glu Mobile At $3.50, Earn 14.3% Using Options
August 06, 2015 at 11:43 AM EDT
Investors eyeing a purchase of Glu Mobile Inc (GLUU) stock, but tentative about paying the going market price of $4.66/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 $3.50 strike, which has a bid at the time of this writing of 50 cents..