Commit To Buy Franklin Covey At $15, Earn 10.2% Annualized Using Options
October 13, 2016 at 11:36 AM EDT
Investors eyeing a purchase of Franklin Covey Co (FC) stock, but cautious about paying the going market price of $17.90/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2017 put at the $15 strike, which has a bid at the time of this writing of 80 cents..