Commit To Purchase Cray At $22.50, Earn 9.8% Annualized Using Options
July 10, 2014 at 11:40 AM EDT
Investors considering a purchase of Cray Inc (CRAY) stock, but tentative about paying the going market price of $31.54/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $22.50 strike, which has a bid at the time of this writing of $1.15..