Commit To Purchase Cavco Industries At $220, Earn 13.4% Annualized Using Options
August 16, 2018 at 12:10 PM EDT
Investors considering a purchase of Cavco Industries Inc (CVCO) stock, but cautious about paying the going market price of $230.10/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2019 put at the $220 strike, which has a bid at the time of this writing of $17.00..