Commit To Purchase LogMeIn At $60, Earn 6.1% Annualized Using Options
August 03, 2015 at 11:39 AM EDT
Investors considering a purchase of LogMeIn Inc (LOGM) stock, but cautious about paying the going market price of $73.56/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2016 put at the $60 strike, which has a bid at the time of this writing of $2.30..