Investors considering a purchase of Orbitz Worldwide Inc (OWW) stock, but tentative about paying the going market price of $7.57/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $5 strike, which has a bid at the time of this writing of 35 cents. Collecting that bid as the premium represents a 7% return against the $5 commitment, or a 15.7% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Buy Orbitz Worldwide At $5, Earn 15.7% Annualized
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