Commit To Buy Internap Corp At $7, Earn 9.6% Annualized Using Options

Investors eyeing a purchase of Internap Corp (INAP) shares, but cautious about paying the going market price of $11.68/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 $7 strike, which has a bid at the time of this writing of 40 cents..