Agree To Buy News Corp At $12, Earn 8.6% Annualized Using Options
July 28, 2016 at 11:47 AM EDT
Investors eyeing a purchase of News Corp (NWS) shares, but tentative about paying the going market price of $13.09/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $12 strike, which has a bid at the time of this writing of 50 cents..