Agree To Buy Ameriprise Financial At $120, Earn 4.4% Annualized Using Options
June 24, 2019 at 11:46 AM EDT
Investors eyeing a purchase of Ameriprise Financial Inc (AMP) shares, but tentative about paying the going market price of $148.39/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $120 strike, which has a bid at the time of this writing of $2.60..