Commit To Buy Career Education At $4, Earn 24.1% Annualized Using Options
July 31, 2014 at 11:25 AM EDT
Investors considering a purchase of Career Education Corp (CECO) shares, but tentative about paying the going market price of $4.95/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 $4 strike, which has a bid at the time of this writing of 45 cents..