Commit To Purchase PriceSmart At $70, Earn 8.9% Annualized Using Options
September 11, 2015 at 11:40 AM EDT
Investors eyeing a purchase of PriceSmart Inc (PSMT) shares, but tentative about paying the going market price of $80.48/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 $70 strike, which has a bid at the time of this writing of $3.70..