Commit To Purchase Geo Group At $17.50, Earn 8% Using Options
December 02, 2016 at 11:50 AM EST
Investors eyeing a purchase of Geo Group Inc (GEO) stock, but tentative about paying the going market price of $33.99/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $17.50 strike, which has a bid at the time of this writing of $1.40..