Commit To Purchase Conns At $10, Earn 12.7% Annualized Using Options
February 04, 2015 at 11:37 AM EST
Investors eyeing a purchase of Conns Inc (CONN) shares, but cautious about paying the going market price of $16.55/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 $10 strike, which has a bid at the time of this writing of $1.20..