Agree To Purchase Alphabet At $550, Earn 4.4% Using Options
July 22, 2016 at 11:44 AM EDT
Investors eyeing a purchase of Alphabet Inc (GOOG) shares, but cautious about paying the going market price of $741.42/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 $550 strike, which has a bid at the time of this writing of $24.40..