Investors considering a purchase of Apogee Enterprises, Inc. (APOG) stock, but cautious about paying the going market price of $27.20/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2014 put at the $22.50 strike, which has a bid at the time of this writing of 90 cents. Collecting that bid as the premium represents a 4% return against the $22.50 commitment, or a 6.8% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase Apogee Enterprises At $22.50, Earn 6.8% Annualized
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