Commit To Buy Boingo Wireless At $24, Earn 13.2% Annualized Using Options
October 15, 2018 at 11:58 AM EDT
Investors eyeing a purchase of Boingo Wireless Inc (WIFI) stock, but tentative about paying the going market price of $31.51/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2019 put at the $24 strike, which has a bid at the time of this writing of $1.85..