Commit To Buy Blue Nile At $25, Earn 10.4% Annualized Using Options
June 04, 2015 at 11:39 AM EDT
Investors eyeing a purchase of Blue Nile Inc (NILE) shares, but cautious about paying the going market price of $29.21/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $25 strike, which has a bid at the time of this writing of $1.20..