Commit To Purchase GNC Holdings At $15, Earn 8.3% Using Options
October 20, 2016 at 11:49 AM EDT
Investors eyeing a purchase of GNC Holdings Inc (GNC) shares, but cautious about paying the going market price of $21.85/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $15 strike, which has a bid at the time of this writing of $1.25..