Commit To Purchase WageWorks At $30, Earn 8.5% Annualized Using Options
July 06, 2015 at 11:33 AM EDT
Investors eyeing a purchase of WageWorks Inc (WAGE) stock, but tentative about paying the going market price of $38.98/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2016 put at the $30 strike, which has a bid at the time of this writing of $1.60..