Commit To Purchase Quality Distribution At $7.50, Earn 12.1% Annualized Using Options
December 17, 2014 at 11:50 AM EST
Investors considering a purchase of Quality Distribution Inc (QLTY) shares, but tentative about paying the going market price of $8.84/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2015 put at the $7.50 strike, which has a bid at the time of this writing of 30 cents..