Commit To Purchase Universal Display Corp At $20, Earn 6.8% Using Options
October 07, 2014 at 11:30 AM EDT
Investors considering a purchase of Universal Display Corp (OLED) shares, but cautious about paying the going market price of $30.90/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $20 strike, which has a bid at the time of this writing of $1.35..