Commit To Purchase DeVRY At $25, Earn 7.8% Annualized

Investors eyeing a purchase of DeVRY Inc. (NYSE: DV) stock, but cautious about paying the going market price of $31.82/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2014 put at the $25 strike, which has a bid at the time of this writing of $1.25. Collecting that bid as the premium represents a 5% return against the $25 commitment, or a 7.8% annualized rate of return (at Stock Opti...