Commit To Purchase Glu Mobile At $3.50, Earn 14.3% Using Options

Investors eyeing a purchase of Glu Mobile Inc (GLUU) stock, but tentative about paying the going market price of $4.66/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $3.50 strike, which has a bid at the time of this writing of 50 cents..
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