Commit To Purchase Iconix Brand Group At $7.50, Earn 16.7% Using Options
January 03, 2017 at 11:43 AM EST
Investors considering a purchase of Iconix Brand Group Inc (ICON) stock, but cautious about paying the going market price of $9.68/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 $7.50 strike, which has a bid at the time of this writing of $1.25..