Commit To Purchase iRobot Corp At $26, Earn 11.8% Annualized Using Options

Investors considering a purchase of iRobot Corp (IRBT) shares, but cautious about paying the going market price of $32.74/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2015 put at the $26 strike, which has a bid at the time of this writing of $1.95..