Commit To Buy Shake Shack At $27.50, Earn 10.9% Using Options
July 28, 2016 at 11:46 AM EDT
Investors eyeing a purchase of Shake Shack Inc (SHAK) stock, but tentative about paying the going market price of $40.33/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 $27.50 strike, which has a bid at the time of this writing of $3.00..