Commit To Purchase Destination XL Group At $5, Earn 19.1% Annualized Using Options
March 28, 2016 at 11:45 AM EDT
Investors eyeing a purchase of Destination XL Group Inc (DXLG) shares, but cautious about paying the going market price of $4.99/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 $5 strike, which has a bid at the time of this writing of 45 cents..