Commit To Purchase TeleCommunication Systems At $2.50, Earn 7.5% Annualized Using Options
June 05, 2015 at 11:42 AM EDT
Investors eyeing a purchase of TeleCommunication Systems Inc (TSYS) shares, but tentative about paying the going market price of $3.24/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $2.50 strike, which has a bid at the time of this writing of 10 cents..