Commit To Buy Resources Connection At $12.50, Earn 8.1% Annualized Using Options
April 15, 2016 at 11:33 AM EDT
Investors considering a purchase of Resources Connection Inc (RECN) stock, but cautious about paying the going market price of $14.21/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $12.50 strike, which has a bid at the time of this writing of 60 cents..