Commit To Buy Fleetmatics Group At $30, Earn 10.2% Annualized Using Options
December 09, 2014 at 11:36 AM EST
Investors eyeing a purchase of Fleetmatics Group plc (FLTX) shares, but tentative about paying the going market price of $35.26/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July 2015 put at the $30 strike, which has a bid at the time of this writing of $1.85..