Agree To Purchase Frontier Communications At $5.50, Earn 5.9% Annualized Using Options
August 01, 2014 at 11:27 AM EDT
Investors considering a purchase of Frontier Communications Corp (FTR) shares, but cautious about paying the going market price of $6.46/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $5.50 strike, which has a bid at the time of this writing of 15 cents..