Commit To Purchase iGate Corp At $30, Earn 9.7% Annualized Using Options
May 15, 2014 at 11:43 AM EDT
Investors considering a purchase of iGate Corp (IGTE) stock, but tentative about paying the going market price of $35.53/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $30 strike, which has a bid at the time of this writing of $1.75..