Commit To Purchase Piper Jaffray Companies At $35, Earn 11.9% Annualized Using Options
September 16, 2015 at 11:52 AM EDT
Investors considering a purchase of Piper Jaffray Companies (PJC) stock, but tentative about paying the going market price of $38.61/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 $2.10..