Commit To Buy Asbury Automotive Group At $70, Earn 9.7% Annualized Using Options
September 29, 2015 at 11:34 AM EDT
Investors considering a purchase of Asbury Automotive Group, Inc (ABG) stock, but tentative about paying the going market price of $79.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2016 put at the $70 strike, which has a bid at the time of this writing of $3.70..