Commit To Buy CarGurus At $40, Earn 10.3% Annualized Using Options

Investors eyeing a purchase of CarGurus Inc (CARG) stock, but cautious about paying the going market price of $51.44/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2019 put at the $40 strike, which has a bid at the time of this writing of $2.55..
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