Commit To Buy Millennial Media At $1, Earn 11.7% Annualized Using Options
August 12, 2015 at 11:37 AM EDT
Investors considering a purchase of Millennial Media Inc (MM) stock, but cautious about paying the going market price of $1.23/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 $1 strike, which has a bid at the time of this writing of 5 cents..