Commit To Buy Allegiant Travel Company At $115, Earn 6.6% Annualized Using Options
June 17, 2016 at 11:44 AM EDT
Investors eyeing a purchase of Allegiant Travel Company (ALGT) shares, but cautious about paying the going market price of $143.97/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $115 strike, which has a bid at the time of this writing of $4.50..
