Commit To Buy Saia At $20, Earn 11.2% Annualized Using Options
November 10, 2015 at 11:37 AM EST
Investors considering a purchase of Saia Inc (SAIA) stock, but cautious about paying the going market price of $23.68/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2016 put at the $20 strike, which has a bid at the time of this writing of $1.35..