Agree To Purchase Seagate Technology At $38, Earn 4.3% Using Options
September 24, 2014 at 12:12 PM EDT
Investors eyeing a purchase of Seagate Technology plc (STX) shares, but cautious about paying the going market price of $56.88/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $38 strike, which has a bid at the time of this writing of $1.63..