Commit To Purchase First Financial Bancorp At $15, Earn 7.3% Annualized

Investors considering a purchase of First Financial Bancorp (NASD: FFBC) shares, but tentative about paying the going market price of $15.91/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 $15 strike, which has a bid at the time of this writing of 55 cents. Collecting that bid as the premium represents a 3.7% return against the $15 commitment, or a 7.3% annualized ra...