Investors considering a purchase of Genomic Health Inc (GHDX) shares, but tentative about paying the going market price of $29.30/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2014 put at the $25 strike, which has a bid at the time of this writing of $1.15. Collecting that bid as the premium represents a 4.6% return against the $25 commitment, or a 10.8% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase Genomic Health At $25, Earn 10.8% Annualized Using Options
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