Commit To Purchase Madison Square Garden At $65, Earn 9.8% Annualized Using Options
September 01, 2015 at 11:39 AM EDT
Investors considering a purchase of Madison Square Garden Co (MSG) shares, but cautious about paying the going market price of $70.32/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 $65 strike, which has a bid at the time of this writing of $3.00..