Commit To Purchase Universal Display Corp At $30, Earn 7.5% Using Options
May 02, 2016 at 11:37 AM EDT
Investors considering a purchase of Universal Display Corp (OLED) stock, but cautious about paying the going market price of $58.41/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $30 strike, which has a bid at the time of this writing of $2.25..