Investors considering a purchase of hhgregg Inc (HGG) shares, but cautious about paying the going market price of $14.39/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July 2014 put at the $13 strike, which has a bid at the time of this writing of $1.45. Collecting that bid as the premium represents a 11.2% return against the $13 commitment, or a 19% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Buy hhgregg At $13, Earn 19% Annualized Using Options
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