Commit To Purchase Conns At $21, Earn 18% Annualized Using Options
October 23, 2017 at 11:45 AM EDT
Investors eyeing a purchase of Conns Inc (CONN) stock, but tentative about paying the going market price of $26.96/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2018 put at the $21 strike, which has a bid at the time of this writing of $1.85..