Commit To Purchase First Cash Financial Services At $35, Earn 14.1% Annualized Using Options
November 17, 2015 at 11:34 AM EST
Investors eyeing a purchase of First Cash Financial Services Inc (FCFS) stock, but tentative about paying the going market price of $37.10/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2016 put at the $35 strike, which has a bid at the time of this writing of $1.65..