Commit To Buy LogMeIn At $64.50, Earn 7.4% Annualized Using Options
August 16, 2016 at 11:38 AM EDT
Investors eyeing a purchase of LogMeIn Inc (LOGM) stock, but tentative about paying the going market price of $82.15/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $64.50 strike, which has a bid at the time of this writing of $2.80..