Commit To Purchase Pegasystems At $60, Earn 5.5% Annualized Using Options
May 03, 2019 at 11:49 AM EDT
Investors eyeing a purchase of Pegasystems Inc (PEGA) shares, but cautious about paying the going market price of $74.91/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 $60 strike, which has a bid at the time of this writing of $2.10..