Commit To Buy HNI Corp At $40, Earn 6.9% Annualized Using Options
October 13, 2015 at 11:44 AM EDT
Investors eyeing a purchase of HNI Corp (HNI) stock, but tentative about paying the going market price of $47.25/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 $40 strike, which has a bid at the time of this writing of $1.40..