Commit To Buy Middleby Corp At $105, Earn 11.3% Annualized Using Options

Investors considering a purchase of Middleby Corp (MIDD) stock, but tentative about paying the going market price of $113.72/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 $105 strike, which has a bid at the time of this writing of $6.00..