Commit To Buy Iconix Brand Group At $2.50, Earn 12% Using Options
October 05, 2016 at 11:44 AM EDT
Investors eyeing a purchase of Iconix Brand Group Inc (ICON) shares, but cautious about paying the going market price of $8.50/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $2.50 strike, which has a bid at the time of this writing of 30 cents..