Commit To Buy Cray At $25, Earn 17.8% Annualized Using Options
January 31, 2014 at 11:53 AM EST
Investors eyeing a purchase of Cray (CRAY) shares, but tentative about paying the going market price of $29.70/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April put at the $25 strike, which has a bid at the time of this writing of 95 cents..