Investors considering a purchase of Ascena Retail Group Inc (ASNA) shares, but cautious about paying the going market price of $21.22/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $15 strike, which has a bid at the time of this writing of $1.20. Collecting that bid as the premium represents a 8% return against the $15 commitment, or a 3.7% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase Ascena Retail Group At $15, Earn 8% Using Options
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