Commit To Buy Express At $2, Earn 17.6% Annualized Using Options
September 23, 2019 at 11:59 AM EDT
Investors eyeing a purchase of Express Inc (EXPR) stock, but tentative about paying the going market price of $2.75/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2020 put at the $2 strike, which has a bid at the time of this writing of 20 cents..