Commit To Purchase El Pollo Loco Holdings At $8, Earn 6.2% Using Options
July 29, 2016 at 11:44 AM EDT
Investors considering a purchase of El Pollo Loco Holdings Inc (LOCO) shares, but cautious about paying the going market price of $13.15/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 $8 strike, which has a bid at the time of this writing of 50 cents..