Investors considering a purchase of Career Education Corp (CECO) stock, but cautious about paying the going market price of $2.95/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2014 put at the $2 strike, which has a bid at the time of this writing of 15 cents. Collecting that bid as the premium represents a 7.5% return against the $2 commitment, or a 12.5% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase Career Education At $2, Earn 12.5% Annualized
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