Commit To Buy Franklin Covey At $12.50, Earn 9.2% Annualized Using Options
July 13, 2016 at 11:38 AM EDT
Investors considering a purchase of Franklin Covey Co (FC) stock, but cautious about paying the going market price of $15.53/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $12.50 strike, which has a bid at the time of this writing of 60 cents..