Commit To Buy Ebix At $16, Earn 6.6% Annualized Using Options
September 28, 2015 at 11:44 AM EDT
Investors eyeing a purchase of Ebix Inc (EBIX) stock, but tentative about paying the going market price of $26.43/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2016 put at the $16 strike, which has a bid at the time of this writing of 50 cents..