Commit To Buy Ellie Mae At $65, Earn 14.8% Annualized Using Options
July 24, 2015 at 11:32 AM EDT
Investors eyeing a purchase of Ellie Mae Inc (ELLI) stock, but cautious about paying the going market price of $75.74/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $65 strike, which has a bid at the time of this writing of $4.60..