Commit To Buy hhgregg At $6, Earn 21.4% Annualized Using Options
November 26, 2014 at 11:36 AM EST
Investors eyeing a purchase of hhgregg Inc (HGG) shares, but tentative about paying the going market price of $6.70/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2015 put at the $6 strike, which has a bid at the time of this writing of 50 cents..