Investors considering a purchase of G-III Apparel Group (GIII) stock, but cautious about paying the going market price of $68.12/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 $55 strike, which has a bid at the time of this writing of $2.50. Collecting that bid as the premium represents a 4.5% return against the $55 commitment, or a 7.2% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase G-III Apparel Group At $55, Earn 7.2% Annualized Using Options
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