Investors considering a purchase of MarineMax, Inc. (HZO) stock, but cautious about paying the going market price of $14.20/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2014 put at the $12.50 strike, which has a bid at the time of this writing of 80 cents. Collecting that bid as the premium represents a 6.4% return against the $12.50 commitment, or a 12.7% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase MarineMax At $12.50, Earn 12.7% Annualized Using Options
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