Commit To Buy Ennis At $15, Earn 4.8% Annualized Using Options
June 05, 2018 at 11:55 AM EDT
Investors considering a purchase of Ennis Inc (EBF) stock, but tentative about paying the going market price of $18.40/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $15 strike, which has a bid at the time of this writing of 45 cents..