Agree To Buy Verisign At $75, Earn 5.7% Annualized Using Options
June 03, 2016 at 11:39 AM EDT
Investors considering a purchase of Verisign Inc (VRSN) stock, but cautious about paying the going market price of $84.60/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $75 strike, which has a bid at the time of this writing of $2.30..