Commit To Buy Cray Inc At $20, Earn 14.2% Annualized
October 15, 2013 at 12:01 PM EDT
Investors considering a purchase of Cray Inc (CRAY) shares, but tentative about paying the going market price of $23.14/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2014 put at the $20 strike, which has a bid at the time of this writing of $1.45..