Commit To Buy Emulex Corporation At $5, Earn 11.6% Annualized Using Options
November 11, 2014 at 11:38 AM EST
Investors eyeing a purchase of Emulex Corporation (ELX) shares, but tentative about paying the going market price of $5.67/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 $5 strike, which has a bid at the time of this writing of 25 cents..