Commit To Buy Fitbit At $5, Earn 16.5% Annualized Using Options
October 13, 2017 at 11:39 AM EDT
Investors eyeing a purchase of Fitbit Inc (FIT) stock, but tentative about paying the going market price of $6.68/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2018 put at the $5 strike, which has a bid at the time of this writing of 49 cents..