Commit To Purchase Blue Nile At $30, Earn 13% Annualized Using Options
September 04, 2015 at 11:43 AM EDT
Investors eyeing a purchase of Blue Nile Inc (NILE) stock, but tentative about paying the going market price of $33.65/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2016 put at the $30 strike, which has a bid at the time of this writing of $1.80..