Commit To Buy Greenbrier Companies At $50, Earn 12.5% Annualized Using Options
May 26, 2015 at 11:34 AM EDT
Investors eyeing a purchase of Greenbrier Companies Inc (GBX) stock, but cautious about paying the going market price of $60.56/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $50 strike, which has a bid at the time of this writing of $4.00..