Commit To Purchase Saia At $22.50, Earn 13.2% Annualized Using Options
March 04, 2016 at 11:39 AM EST
Investors considering a purchase of Saia Inc (SAIA) shares, but cautious about paying the going market price of $27.00/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $22.50 strike, which has a bid at the time of this writing of $1.60..