Commit To Purchase Genesis Healthcare At $5, Earn 10.9% Annualized Using Options
September 28, 2015 at 11:43 AM EDT
Investors considering a purchase of Genesis Healthcare Inc (GEN) shares, but tentative about paying the going market price of $5.73/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2016 put at the $5 strike, which has a bid at the time of this writing of 30 cents..