Commit To Buy Shutterfly At $37.50, Earn 9.1%

Investors eyeing a purchase of Shutterfly (NASD: SFLY) stock, but cautious about paying the going market price of $57.49/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 $37.50 strike, which has a bid at the time of this writing of $3.40. Collecting that bid as the premium represents a 9.1% return against the $37.50 commitment, or a 6.9% annualized rate of return (at S...