Commit To Buy Lumber Liquidators Holdings At $45, Earn 29.9% Annualized Using Options
January 21, 2015 at 11:53 AM EST
Investors considering a purchase of Lumber Liquidators Holdings Inc (LL) shares, but cautious about paying the going market price of $54.48/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May put at the $45 strike, which has a bid at the time of this writing of $4.20..