Commit To Buy BlueLinx Holdings At $10, Earn 29.3% Annualized Using Options
December 30, 2019 at 11:52 AM EST
Investors considering a purchase of BlueLinx Holdings Inc (BXC) stock, but cautious about paying the going market price of $13.17/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2020 put at the $10 strike, which has a bid at the time of this writing of $1.10..