Commit To Buy Grand Canyon Education At $35, Earn 6.5% Annualized Using Options

Investors considering a purchase of Grand Canyon Education Inc (LOPE) shares, but cautious about paying the going market price of $42.10/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2016 put at the $35 strike, which has a bid at the time of this writing of $1.40..