Commit To Buy Ascena Retail Group At $1.50, Earn 16.2% Annualized Using Options
March 23, 2018 at 11:52 AM EDT
Investors considering a purchase of Ascena Retail Group Inc (ASNA) stock, but tentative about paying the going market price of $1.97/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 $1.50 strike, which has a bid at the time of this writing of 20 cents..