Commit To Purchase Apollo Group At $13, Earn 7.5%

Investors eyeing a purchase of Apollo Group (NASD: APOL) stock, but tentative about paying the going market price of $21.09/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 $13 strike, which has a bid at the time of this writing of 98 cents. Collecting that bid as the premium represents a 7.5% return against the $13 commitment, or a 5.8% annualized rate of return (at S...