Commit To Purchase 22nd Century Group At $1, Earn 30.1% Annualized Using Options

Investors eyeing a purchase of 22nd Century Group Inc (XXII) stock, but tentative about paying the going market price of $1.10/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 $1 strike, which has a bid at the time of this writing of 15 cents..