Commit To Purchase Caesars Entertainment At $7.50, Earn 28%

Investors eyeing a purchase of Caesars Entertainment Corp (NASD: CZR) stock, but tentative about paying the going market price of $19.17/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $7.50 strike, which has a bid at the time of this writing of $2.10. Collecting that bid as the premium represents a 28% return against the $7.50 commitment, or a 19.9% annualized rate o...