Investors eyeing a purchase of Grand Canyon Education (LOPE) stock, but tentative about paying the going market price of $42.87/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $30 strike, which has a bid at the time of this writing of $1.10. Collecting that bid as the premium represents a 3.7% return against the $30 commitment, or a 5.8% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase Grand Canyon Education At $30, Earn 5.8% Annualized Using Options
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