Commit To Buy Zagg At $7, Earn 26.3% Annualized Using Options
October 05, 2015 at 14:35 PM EDT
Investors considering a purchase of Zagg Inc (ZAGG) stock, but cautious about paying the going market price of $7.21/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2016 put at the $7 strike, which has a bid at the time of this writing of $1.15..