Commit To Buy Lumber Liquidators Holdings At $13, Earn 10.2% Annualized Using Options
September 27, 2016 at 11:39 AM EDT
Investors considering a purchase of Lumber Liquidators Holdings Inc (LL) shares, but tentative about paying the going market price of $17.78/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2017 put at the $13 strike, which has a bid at the time of this writing of 85 cents..