Commit To Purchase Piper Jaffray Companies At $65, Earn 7.1% Annualized Using Options
May 29, 2018 at 11:50 AM EDT
Investors considering a purchase of Piper Jaffray Companies (PJC) shares, but cautious about paying the going market price of $74.70/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 $65 strike, which has a bid at the time of this writing of $2.60..
