Commit To Purchase Ellie Mae At $30, Earn 16.6% Annualized Using Options
October 14, 2014 at 11:28 AM EDT
Investors eyeing a purchase of Ellie Mae Inc (ELLI) shares, but tentative about paying the going market price of $34.25/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $30 strike, which has a bid at the time of this writing of $1.30..