Investors eyeing a purchase of Scripps Networks Interactive Inc (NYSE: SNI) shares, but tentative about paying the going market price of $65.06/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $60 strike, which has a bid at the time of this writing of $1.35. Collecting that bid as the premium represents a 2.2% return against the $60 commitment, or a 9.3% annualized rate o...
Investors eyeing a purchase of Scripps Networks Interactive Inc (NYSE: SNI) shares, but tentative about paying the going market price of $65.06/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $60 strike, which has a bid at the time of this writing of $1.35. Collecting that bid as the premium represents a 2.2% return against the $60 commitment, or a 9.3% annualized rate o...
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