Commit To Buy Diamond Foods At $27, Earn 8.2% Annualized Using Options
March 16, 2015 at 11:33 AM EDT
Investors eyeing a purchase of Diamond Foods Inc (DMND) stock, but cautious about paying the going market price of $30.80/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $27 strike, which has a bid at the time of this writing of $1.85..