Commit To Buy Benefitfocus At $35, Earn 17.4% Annualized Using Options
July 27, 2016 at 11:47 AM EDT
Investors considering a purchase of Benefitfocus Inc (BNFT) stock, but tentative about paying the going market price of $43.33/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 $35 strike, which has a bid at the time of this writing of $1.90..