Commit To Buy American Electric Power Co At $72.50, Earn 3.6% Using Options
May 20, 2019 at 11:51 AM EDT
Investors eyeing a purchase of American Electric Power Co Inc (AEP) stock, but tentative about paying the going market price of $86.67/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $72.50 strike, which has a bid at the time of this writing of $2.60..