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Commit To Purchase Hooker Furniture Corp At $40, Earn 11.1% Annualized Using Options

Investors considering a purchase of Hooker Furniture Corp (HOFT) stock, but cautious about paying the going market price of $46.20/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $40 strike, which has a bid at the time of this writing of 45 cents..
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