Commit To Purchase Greif At $30, Earn 17.9% Annualized Using Options
September 08, 2015 at 11:37 AM EDT
Investors considering a purchase of Greif Inc (GEF) stock, but cautious about paying the going market price of $33.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $30 strike, which has a bid at the time of this writing of $1.90..