Commit To Purchase Global Cash Access Holdings At $5, Earn 6.2% Annualized Using Options
January 26, 2015 at 11:44 AM EST
Investors considering a purchase of Global Cash Access Holdings Inc (GCA) shares, but cautious about paying the going market price of $6.84/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 $5 strike, which has a bid at the time of this writing of 20 cents..