Commit To Purchase Travelers Companies At $70, Earn 1.6% Using Options
July 25, 2016 at 11:55 AM EDT
Investors eyeing a purchase of Travelers Companies Inc (TRV) stock, but cautious about paying the going market price of $117.21/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 $70 strike, which has a bid at the time of this writing of $1.15..