Commit To Purchase Paylocity Holding Corp At $30, Earn 11.2% Annualized Using Options
May 02, 2016 at 11:37 AM EDT
Investors eyeing a purchase of Paylocity Holding Corp (PCTY) shares, but cautious about paying the going market price of $38.09/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $30 strike, which has a bid at the time of this writing of $1.85..