Commit To Buy WageWorks At $55, Earn 12.8% Annualized Using Options
December 31, 2014 at 11:46 AM EST
Investors eyeing a purchase of WageWorks Inc (WAGE) stock, but tentative about paying the going market price of $64.42/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August 2015 put at the $55 strike, which has a bid at the time of this writing of $4.50..