Commit To Buy Hibbett Sports At $20, Earn 16.6% Annualized Using Options
June 28, 2018 at 11:57 AM EDT
Investors considering a purchase of Hibbett Sports Inc (HIBB) stock, but tentative about paying the going market price of $23.75/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 $20 strike, which has a bid at the time of this writing of $1.85..