Commit To Buy Burlington Stores At $55, Earn 10.9% Annualized Using Options
June 16, 2016 at 11:50 AM EDT
Investors considering a purchase of Burlington Stores Inc (BURL) stock, but cautious about paying the going market price of $63.07/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $55 strike, which has a bid at the time of this writing of $3.00..