Commit To Buy WageWorks At $45, Earn 12.3% Annualized Using Options
April 01, 2015 at 11:38 AM EDT
Investors considering a purchase of WageWorks Inc (WAGE) shares, but cautious about paying the going market price of $53.34/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $45 strike, which has a bid at the time of this writing of $2.15..