Commit To Purchase LogMeIn At $50, Earn 12.1% Annualized Using Options
April 17, 2015 at 11:32 AM EDT
Investors eyeing a purchase of LogMeIn Inc (LOGM) stock, but tentative about paying the going market price of $56.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $50 strike, which has a bid at the time of this writing of $2.55..