Commit To Buy Workday At $27.50, Earn 9.4% Using Options
February 09, 2016 at 11:40 AM EST
Investors considering a purchase of Workday Inc (WDAY) shares, but cautious about paying the going market price of $49.55/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $27.50 strike, which has a bid at the time of this writing of $2.60..