Investors considering a purchase of Quality Distribution Inc (QLTY) shares, but cautious about paying the going market price of $10.44/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $10 strike, which has a bid at the time of this writing of 40 cents. Collecting that bid as the premium represents a 4% return against the $10 commitment, or a 25.6% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Buy Quality Distribution At $10, Earn 25.6% Annualized
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