Commit To Purchase Career Education Corp At $4, Earn 9.8% Annualized Using Options
June 01, 2016 at 12:49 PM EDT
Investors considering a purchase of Career Education Corp (CECO) shares, but tentative about paying the going market price of $5.81/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $4 strike, which has a bid at the time of this writing of 25 cents..