Agree To Purchase News Corp At $11, Earn 9.2% Annualized Using Options
November 28, 2016 at 11:41 AM EST
Investors eyeing a purchase of News Corp (NWSA) shares, but tentative about paying the going market price of $11.91/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2017 put at the $11 strike, which has a bid at the time of this writing of 40 cents..