Commit To Purchase Boingo Wireless At $6, Earn 9.7% Annualized Using Options
October 07, 2014 at 11:31 AM EDT
Investors eyeing a purchase of Boingo Wireless Inc (WIFI) stock, but tentative about paying the going market price of $7.13/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2015 put at the $6 strike, which has a bid at the time of this writing of 35 cents..