Commit To Buy Cowen Group At $5, Earn 21.6% Annualized Using Options
September 02, 2015 at 11:42 AM EDT
Investors eyeing a purchase of Cowen Group Inc (COWN) stock, but tentative about paying the going market price of $5.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $5 strike, which has a bid at the time of this writing of 40 cents..