Commit To Buy Heritage-Crystal Clean At $12.50, Earn 8.1% Annualized Using Options
June 29, 2015 at 11:32 AM EDT
Investors considering a purchase of Heritage-Crystal Clean Inc (HCCI) shares, but cautious about paying the going market price of $14.77/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 $12.50 strike, which has a bid at the time of this writing of 65 cents..