Commit To Purchase Bottomline Technologies At $30, Earn 17.4% Annualized Using Options
April 15, 2016 at 11:35 AM EDT
Investors considering a purchase of Bottomline Technologies Inc (EPAY) stock, but tentative about paying the going market price of $30.21/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $30 strike, which has a bid at the time of this writing of $2.20..