Commit To Buy BorgWarner At $35, Earn 8.3% Annualized Using Options
December 20, 2016 at 11:38 AM EST
Investors eyeing a purchase of BorgWarner Inc (BWA) stock, but tentative about paying the going market price of $40.90/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July 2017 put at the $35 strike, which has a bid at the time of this writing of $1.70..