Commit To Buy hhgregg At $6, Earn 14.4% Annualized Using Options
August 28, 2014 at 11:32 AM EDT
Investors considering a purchase of hhgregg Inc (HGG) shares, but cautious about paying the going market price of $7.29/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2015 put at the $6 strike, which has a bid at the time of this writing of 55 cents..