Commit To Purchase Workday At $55, Earn 7.8% Using Options
April 23, 2015 at 11:40 AM EDT
Investors considering a purchase of Workday Inc (WDAY) shares, but tentative about paying the going market price of $87.00/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 $55 strike, which has a bid at the time of this writing of $4.30..