Commit To Purchase Ignite Restaurant Group At $12.50, Earn 12.2% Annualized Using Options
March 12, 2014 at 11:51 AM EDT
Investors eyeing a purchase of Ignite Restaurant Group Inc (IRG) shares, but cautious about paying the going market price of $13.85/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $12.50 strike, which has a bid at the time of this writing of 80 cents..