Commit To Purchase New York & Company At $2.50, Earn 38.9% Annualized Using Options

Investors considering a purchase of New York & Company Inc (NWY) stock, but tentative about paying the going market price of $2.60/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April put at the $2.50 strike, which has a bid at the time of this writing of 25 cents..