Commit To Buy Saia At $40, Earn 9.8% Annualized Using Options
August 04, 2015 at 11:54 AM EDT
Investors eyeing a purchase of Saia Inc (SAIA) stock, but tentative about paying the going market price of $44.64/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2016 put at the $40 strike, which has a bid at the time of this writing of $2.45..