Commit To Buy Cardiovascular Systems At $20, Earn 14.8% Annualized Using Options
August 26, 2016 at 11:49 AM EDT
Investors eyeing a purchase of Cardiovascular Systems, Inc (CSII) shares, but cautious about paying the going market price of $24.48/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $20 strike, which has a bid at the time of this writing of $1.65..