Agree To Buy Kellogg At $55, Earn 5.2% Using Options
April 22, 2015 at 11:49 AM EDT
Investors considering a purchase of Kellogg Co (K) stock, but cautious about paying the going market price of $63.88/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $55 strike, which has a bid at the time of this writing of $2.85..