Commit To Buy Accuray At $4, Earn 11.6% Annualized Using Options
December 02, 2016 at 11:48 AM EST
Investors eyeing a purchase of Accuray Inc (ARAY) shares, but cautious about paying the going market price of $5.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2017 put at the $4 strike, which has a bid at the time of this writing of 25 cents..