Commit To Purchase Boingo Wireless At $20, Earn 24.4% Annualized Using Options
February 06, 2018 at 11:50 AM EST
Investors considering a purchase of Boingo Wireless Inc (WIFI) stock, but cautious about paying the going market price of $22.61/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May put at the $20 strike, which has a bid at the time of this writing of $1.35..