Commit To Purchase WellCare Health Plans At $85, Earn 18.8% Annualized Using Options

Investors considering a purchase of WellCare Health Plans Inc (WCG) stock, but cautious about paying the going market price of $88.24/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 $85 strike, which has a bid at the time of this writing of $5.20..