Commit To Buy Installed Building Products At $15, Earn 11.6% Annualized Using Options
February 09, 2016 at 11:39 AM EST
Investors eyeing a purchase of Installed Building Products Inc (IBP) shares, but tentative about paying the going market price of $19.06/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $15 strike, which has a bid at the time of this writing of $1.05..