Commit To Purchase Zagg At $3, Earn 10%

Investors eyeing a purchase of Zagg Inc (ZAGG) stock, but tentative about paying the going market price of $4.53/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $3 strike, which has a bid at the time of this writing of 30 cents.