Commit To Buy Spirit Airlines At $50, Earn 17.7% Annualized Using Options
October 14, 2014 at 11:30 AM EDT
Investors considering a purchase of Spirit Airlines Inc (SAVE) stock, but cautious about paying the going market price of $54.99/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2015 put at the $50 strike, which has a bid at the time of this writing of $3.80..