Commit To Purchase Hibbett Sports At $20, Earn 11.8% Annualized Using Options
January 06, 2020 at 12:07 PM EST
Investors considering a purchase of Hibbett Sports Inc (HIBB) stock, but tentative about paying the going market price of $26.66/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $20 strike, which has a bid at the time of this writing of $1.25..