Commit To Purchase Blue Nile At $20, Earn 14.9% Annualized Using Options

Investors eyeing a purchase of Blue Nile Inc (NILE) stock, but tentative about paying the going market price of $24.29/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $20 strike, which has a bid at the time of this writing of $1.55..