Commit To Purchase Green Dot Corp At $17.50, Earn 23% Annualized Using Options
September 28, 2015 at 11:44 AM EDT
Investors eyeing a purchase of Green Dot Corp (GDOT) stock, but cautious about paying the going market price of $17.81/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 $17.50 strike, which has a bid at the time of this writing of $1.90..