Commit To Buy Boingo Wireless At $6, Earn 13.8% Annualized Using Options

Investors eyeing a purchase of Boingo Wireless Inc (WIFI) stock, but cautious about paying the going market price of $7.55/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 $6 strike, which has a bid at the time of this writing of 40 cents..