Commit To Purchase Tutor Perini Corp At $20, Earn 9.3% Annualized Using Options
June 22, 2015 at 11:53 AM EDT
Investors eyeing a purchase of Tutor Perini Corp (TPC) shares, but tentative about paying the going market price of $23.63/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $20 strike, which has a bid at the time of this writing of $1.05..