Commit To Buy Resources Connection At $15, Earn 10.5% Annualized Using Options
September 06, 2018 at 11:53 AM EDT
Investors eyeing a purchase of Resources Connection Inc (RECN) shares, but cautious about paying the going market price of $16.27/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2019 put at the $15 strike, which has a bid at the time of this writing of 70 cents..