Commit To Purchase Quality Distribution At $12.50, Earn 12.6% Annualized Using Options
March 12, 2014 at 11:54 AM EDT
Investors eyeing a purchase of Quality Distribution (QLTY) shares, but cautious about paying the going market price of $13.55/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $12.50 strike, which has a bid at the time of this writing of 95 cents..