Commit To Buy Itron At $35, Earn 5.5% Annualized

Investors considering a purchase of Itron, Inc. (NASD: ITRI) stock, but cautious about paying the going market price of $40.26/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 $35 strike, which has a bid at the time of this writing of $1.05. Collecting that bid as the premium represents a 3% return against the $35 commitment, or a 5.5% annualized rate of return (at St...