Commit To Buy Zagg At $7, Earn 21.1% Annualized Using Options
July 07, 2015 at 11:37 AM EDT
Investors considering a purchase of Zagg Inc (ZAGG) stock, but cautious about paying the going market price of $7.82/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $7 strike, which has a bid at the time of this writing of 55 cents..