Commit To Purchase Blue Nile At $30, Earn 11.7% Annualized Using Options
February 10, 2014 at 12:33 PM EST
Investors eyeing a purchase of Blue Nile Inc (NILE) stock, but cautious about paying the going market price of $34.00/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $30 strike, which has a bid at the time of this writing of $1.80..