Agree To Buy Philip Morris International At $45, Earn 2.4% Using Options
January 22, 2016 at 13:31 PM EST
Investors considering a purchase of Philip Morris International Inc (PM) shares, but cautious about paying the going market price of $86.39/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $45 strike, which has a bid at the time of this writing of $1.09..