Commit To Purchase Diamond Foods At $28, Earn 18.9% Annualized Using Options
September 02, 2015 at 11:43 AM EDT
Investors considering a purchase of Diamond Foods Inc (DMND) stock, but cautious about paying the going market price of $29.99/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $28 strike, which has a bid at the time of this writing of $1.55..