Commit To Purchase Ennis At $15, Earn 7.5% Annualized Using Options
December 20, 2018 at 11:28 AM EST
Investors considering a purchase of Ennis Inc (EBF) shares, but tentative about paying the going market price of $17.67/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July 2019 put at the $15 strike, which has a bid at the time of this writing of 65 cents..