Commit To Buy Workday At $47.50, Earn 10.1% Using Options
January 20, 2015 at 11:49 AM EST
Investors considering a purchase of Workday Inc (WDAY) shares, but cautious about paying the going market price of $77.44/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $47.50 strike, which has a bid at the time of this writing of $4.80..