Commit To Purchase EnPro Industries At $40, Earn 9.4% Annualized Using Options
September 02, 2015 at 11:44 AM EDT
Investors considering a purchase of EnPro Industries Inc (NPO) shares, but cautious about paying the going market price of $44.86/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2016 put at the $40 strike, which has a bid at the time of this writing of $2.05..