Investors considering a purchase of GFI Group Incorporated (GFIG) stock, but tentative about paying the going market price of $3.39/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $3 strike, which has a bid at the time of this writing of 15 cents. Collecting that bid as the premium represents a 5% return against the $3 commitment, or a 8.3% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Commit To Buy GFI Group At $3, Earn 8.3% Annualized Using Options
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