Commit To Purchase Western Asset Mortgage Capital Corp At $10, Earn 14.7% Annualized Using Options

Investors considering a purchase of Western Asset Mortgage Capital Corp (WMC) stock, but cautious about paying the going market price of $11.41/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July 2016 put at the $10 strike, which has a bid at the time of this writing of 85 cents..