Commit To Purchase Millennial Media At $1, Earn 7.9% Annualized Using Options
April 02, 2015 at 11:40 AM EDT
Investors eyeing a purchase of Millennial Media Inc (MM) stock, but cautious about paying the going market price of $1.42/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $1 strike, which has a bid at the time of this writing of 5 cents..