Commit To Buy BlueLinx Holdings At $20, Earn 9.7% Annualized Using Options
October 04, 2018 at 11:47 AM EDT
Investors eyeing a purchase of BlueLinx Holdings Inc (BXC) stock, but tentative about paying the going market price of $28.22/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2019 put at the $20 strike, which has a bid at the time of this writing of $1.20..