Commit To Buy Argan At $35, Earn 13% Annualized Using Options
July 31, 2015 at 11:35 AM EDT
Investors considering a purchase of Argan Inc (AGX) shares, but cautious about paying the going market price of $39.39/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $35 strike, which has a bid at the time of this writing of $2.10..