Commit To Buy Orbital ATK At $75, Earn 10.4% Annualized Using Options
October 13, 2015 at 11:43 AM EDT
Investors considering a purchase of Orbital ATK Inc (OA) stock, but cautious about paying the going market price of $79.53/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2016 put at the $75 strike, which has a bid at the time of this writing of $4.70..