Commit To Buy Career Education Corp At $8, Earn 11.8% Annualized Using Options
July 10, 2017 at 11:38 AM EDT
Investors considering a purchase of Career Education Corp (CECO) stock, but cautious about paying the going market price of $9.40/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $8 strike, which has a bid at the time of this writing of 50 cents..