Investors eyeing a purchase of Coeur Mining, Inc. (CDE) shares, but cautious about paying the going market price of $13.86/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 $8 strike, which has a bid at the time of this writing of 85 cents. Collecting that bid as the premium represents a 10.6% return against the $8 commitment, or a 6.7% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Buy Coeur Mining At $8, Earn 10.6%
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