Commit To Buy GTT Communications At $17.50, Earn 6.9% Annualized Using Options
August 21, 2015 at 14:58 PM EDT
Investors considering a purchase of GTT Communications, Inc (GTT) shares, but tentative about paying the going market price of $21.92/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 $17.50 strike, which has a bid at the time of this writing of 60 cents..