Commit To Purchase Zendesk At $20, Earn 13.3% Annualized Using Options
May 11, 2015 at 11:33 AM EDT
Investors considering a purchase of Zendesk Inc (ZEN) stock, but tentative about paying the going market price of $23.25/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $20 strike, which has a bid at the time of this writing of $1.15..