Commit To Buy Chesapeake Lodging Trust At $20, Earn 8.7% Annualized Using Options
June 13, 2016 at 11:47 AM EDT
Investors eyeing a purchase of Chesapeake Lodging Trust (CHSP) stock, but cautious about paying the going market price of $23.26/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $20 strike, which has a bid at the time of this writing of $1.05..