Commit To Purchase Chuy's Holdings At $17.50, Earn 22.9% Annualized Using Options

Investors eyeing a purchase of Chuy's Holdings Inc (CHUY) shares, but cautious about paying the going market price of $19.72/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April put at the $17.50 strike, which has a bid at the time of this writing of $1.15..