Commit To Buy Blue Nile At $22.50, Earn 12.9% Annualized Using Options
May 13, 2016 at 11:37 AM EDT
Investors eyeing a purchase of Blue Nile Inc (NILE) stock, but cautious about paying the going market price of $25.62/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 $22.50 strike, which has a bid at the time of this writing of $1.50..