Commit To Buy On Deck Capital At $8, Earn 20% Annualized Using Options

Investors eyeing a purchase of On Deck Capital Inc (ONDK) stock, but cautious about paying the going market price of $9.50/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2016 put at the $8 strike, which has a bid at the time of this writing of 75 cents..