Commit To Purchase Acco Brands Corp At $5, Earn 8.5% Annualized

Investors eyeing a purchase of Acco Brands Corp (NYSE: ACCO) shares, but tentative about paying the going market price of $6.44/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 $5 strike, which has a bid at the time of this writing of 20 cents. Collecting that bid as the premium represents a 4% return against the $5 commitment, or a 8.5% annualized rate of return (at Stock...