Commit To Purchase Popeyes Louisiana Kitchen At $55, Earn 18% Annualized Using Options
October 02, 2015 at 11:45 AM EDT
Investors eyeing a purchase of Popeyes Louisiana Kitchen Inc (PLKI) stock, but tentative about paying the going market price of $55.43/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2016 put at the $55 strike, which has a bid at the time of this writing of $3.80..