Commit To Buy Ellie Mae At $45, Earn 8% Annualized Using Options
April 17, 2015 at 11:32 AM EDT
Investors considering a purchase of Ellie Mae Inc (ELLI) stock, but tentative about paying the going market price of $55.47/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $45 strike, which has a bid at the time of this writing of $1.80..