Commit To Purchase Hanger At $20, Earn 12.4% Annualized Using Options
March 26, 2015 at 11:34 AM EDT
Investors eyeing a purchase of Hanger Inc (HGR) shares, but tentative about paying the going market price of $23.09/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $20 strike, which has a bid at the time of this writing of $1.20..