Investors considering a purchase of Greenway Medical Technologies, Inc. (GWAY) stock, but cautious about paying the going market price of $11.79/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $10 strike, which has a bid at the time of this writing of 65 cents. Collecting that bid as the premium represents a 6.5% return against the $10 commitment, or a 13.3% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Buy Greenway Medical Technologies At $10, Earn 13.3% Annualized
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