Commit To Purchase Resources Connection At $17.50, Earn 15.9% Annualized Using Options
November 18, 2015 at 12:04 PM EST
Investors considering a purchase of Resources Connection Inc (RECN) shares, but cautious about paying the going market price of $17.73/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2016 put at the $17.50 strike, which has a bid at the time of this writing of $1.40..