Commit To Purchase Boingo Wireless At $5, Earn 7.9% Annualized Using Options
May 18, 2016 at 11:47 AM EDT
Investors eyeing a purchase of Boingo Wireless Inc (WIFI) shares, but tentative about paying the going market price of $6.71/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 $5 strike, which has a bid at the time of this writing of 20 cents..