Commit To Buy Paycom Software At $35, Earn 13% Annualized Using Options
June 23, 2016 at 11:50 AM EDT
Investors considering a purchase of Paycom Software Inc (PAYC) stock, but cautious about paying the going market price of $42.80/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 $35 strike, which has a bid at the time of this writing of $1.85..