Commit To Purchase Ennis At $17.50, Earn 5.1% Annualized Using Options
September 04, 2018 at 11:08 AM EDT
Investors considering a purchase of Ennis Inc (EBF) shares, but cautious about paying the going market price of $21.90/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2019 put at the $17.50 strike, which has a bid at the time of this writing of 55 cents..