Commit To Purchase Shutterstock At $55, Earn 12.4% Annualized Using Options
May 27, 2015 at 11:36 AM EDT
Investors considering a purchase of Shutterstock Inc (SSTK) stock, but cautious about paying the going market price of $62.01/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $55 strike, which has a bid at the time of this writing of $3.30..