Commit To Buy Plug Power At $1.50, Earn 21.3% Using Options
March 06, 2015 at 11:48 AM EST
Investors considering a purchase of Plug Power Inc (PLUG) stock, but cautious about paying the going market price of $3.01/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $1.50 strike, which has a bid at the time of this writing of 32 cents..