Commit To Purchase Medifast At $85, Earn 22.7% Annualized Using Options
September 24, 2019 at 11:57 AM EDT
Investors eyeing a purchase of Medifast Inc (MED) stock, but cautious about paying the going market price of $105.56/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2020 put at the $85 strike, which has a bid at the time of this writing of $9.40..