Commit To Purchase Iridium Communications At $7.50, Earn 9.3% Annualized Using Options
October 16, 2014 at 11:38 AM EDT
Investors eyeing a purchase of Iridium Communications Inc (IRDM) shares, but tentative about paying the going market price of $8.89/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2015 put at the $7.50 strike, which has a bid at the time of this writing of 35 cents..