Commit To Buy Bankrate At $7.50, Earn 19.8% Annualized Using Options
May 04, 2016 at 11:50 AM EDT
Investors considering a purchase of Bankrate Inc (RATE) shares, but cautious about paying the going market price of $8.51/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 $7.50 strike, which has a bid at the time of this writing of 55 cents..