Agree To Purchase CBRE Group At $24, Earn 6.4% Annualized Using Options

Investors eyeing a purchase of CBRE Group Inc (CBG) stock, but tentative about paying the going market price of $29.09/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $24 strike, which has a bid at the time of this writing of $1.00..