Investors eyeing a purchase of Heritage-Crystal Clean Inc (HCCI) stock, but cautious about paying the going market price of $15.25/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 $15 strike, which has a bid at the time of this writing of 80 cents. Collecting that bid as the premium represents a 5.3% return against the $15 commitment, or a 10.6% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Buy Heritage-Crystal Clean At $15, Earn 10.6% Annualized
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