Commit To Purchase New York Times At $11, Earn 11.2% Annualized

Investors eyeing a purchase of New York Times Co. (NYSE: NYT) shares, but cautious about paying the going market price of $12.64/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2014 put at the $11 strike, which has a bid at the time of this writing of 65 cents. Collecting that bid as the premium represents a 5.9% return against the $11 commitment, or a 11.2% annualized rate of return...