Commit To Purchase Ellie Mae At $90, Earn 7.3% Annualized Using Options
April 21, 2017 at 11:43 AM EDT
Investors eyeing a purchase of Ellie Mae Inc (ELLI) shares, but cautious about paying the going market price of $109.74/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 $90 strike, which has a bid at the time of this writing of $4.90..