Commit To Purchase Pep Boys-Manny, Moe & Jack At $10, Earn 7.2% Annualized Using Options
August 31, 2015 at 11:37 AM EDT
Investors eyeing a purchase of Pep Boys-Manny, Moe & Jack (PBY) stock, but tentative about paying the going market price of $12.05/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2016 put at the $10 strike, which has a bid at the time of this writing of 45 cents..