Commit To Buy Echo Global Logistics At $20, Earn 13.6% Annualized Using Options
January 24, 2019 at 11:58 AM EST
Investors considering a purchase of Echo Global Logistics Inc (ECHO) stock, but cautious about paying the going market price of $23.41/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June put at the $20 strike, which has a bid at the time of this writing of $1.10..