Investors eyeing a purchase of Leap Wireless International Inc (LEAP) stock, but cautious about paying the going market price of $5.61/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $3 strike, which has a bid at the time of this writing of 45 cents. Collecting that bid as the premium represents a 15% return against the $3 commitment, or a 9.2% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase Leap Wireless International At $3, Earn 15%
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