Commit To Purchase Fiesta Restaurant Group At $17.50, Earn 6.4% Annualized Using Options
August 18, 2016 at 11:37 AM EDT
Investors considering a purchase of Fiesta Restaurant Group, Inc (FRGI) stock, but cautious about paying the going market price of $24.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $17.50 strike, which has a bid at the time of this writing of 65 cents..