Investors eyeing a purchase of Destination XL Group Inc (DXLG) shares, but tentative about paying the going market price of $5.84/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 $5 strike, which has a bid at the time of this writing of 15 cents. Collecting that bid as the premium represents a 3% return against the $5 commitment, or a 8.9% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase Destination XL Group At $5, Earn 8.9% Annualized
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