Commit To Purchase Saia At $40, Earn 8.2% Annualized Using Options
January 23, 2015 at 12:00 PM EST
Investors considering a purchase of Saia Inc (SAIA) shares, but cautious about paying the going market price of $47.35/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $40 strike, which has a bid at the time of this writing of $2.15..