Commit To Purchase Ellie Mae At $70, Earn 9.3% Using Options
July 29, 2016 at 11:46 AM EDT
Investors considering a purchase of Ellie Mae Inc (ELLI) shares, but tentative about paying the going market price of $95.88/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 $70 strike, which has a bid at the time of this writing of $6.50..