Commit To Purchase Franklin Electric At $35, Earn 4.8% Annualized

Investors considering a purchase of Franklin Electric Co., Inc. (NASD: FELE) stock, but cautious about paying the going market price of $37.88/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2014 put at the $35 strike, which has a bid at the time of this writing of $1.10. Collecting that bid as the premium represents a 3.1% return against the $35 commitment, or a 4.8% annualized rate o...