Commit To Buy YRC Worldwide At $12.50, Earn 12.5% Using Options
October 07, 2014 at 11:32 AM EDT
Investors eyeing a purchase of YRC Worldwide Inc (YRCW) stock, but cautious about paying the going market price of $18.48/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $12.50 strike, which has a bid at the time of this writing of $1.56..