Commit To Purchase Workday At $55, Earn 6.4% Using Options
April 19, 2017 at 14:46 PM EDT
Investors eyeing a purchase of Workday Inc (WDAY) shares, but tentative about paying the going market price of $84.89/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $55 strike, which has a bid at the time of this writing of $3.50..