Commit To Buy WageWorks At $40, Earn 13.6% Annualized Using Options
September 29, 2014 at 11:32 AM EDT
Investors eyeing a purchase of WageWorks Inc (WAGE) stock, but tentative about paying the going market price of $47.44/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2015 put at the $40 strike, which has a bid at the time of this writing of $2.15..