Agree To Purchase Textron At $33, Earn 5.9% Using Options
July 22, 2016 at 11:41 AM EDT
Investors eyeing a purchase of Textron Inc (TXT) shares, but cautious about paying the going market price of $39.19/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 $33 strike, which has a bid at the time of this writing of $1.95..