Commit To Purchase Newell Brands At $8, Earn 9.4% Using Options
April 03, 2019 at 11:48 AM EDT
Investors considering a purchase of Newell Brands Inc (NWL) shares, but tentative about paying the going market price of $15.36/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 $8 strike, which has a bid at the time of this writing of 75 cents..