Investors considering a purchase of Tableau Software, Inc. (DATA) stock, but cautious about paying the going market price of $58.29/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $50 strike, which has a bid at the time of this writing of $4.70. Collecting that bid as the premium represents a 9.4% return against the $50 commitment, or a 20.3% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Purchase Tableau Software At $50, Earn 20.3% Annualized Using Options
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