Commit To Purchase Argan At $29.30, Earn 23.2% Annualized Using Options
December 17, 2014 at 11:46 AM EST
Investors considering a purchase of Argan Inc (AGX) shares, but tentative about paying the going market price of $30.26/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2015 put at the $29.30 strike, which has a bid at the time of this writing of $2.25..