Commit To Purchase Owens Corning At $35, Earn 9.1% Annualized Using Options
September 29, 2015 at 11:36 AM EDT
Investors eyeing a purchase of Owens Corning (OC) stock, but tentative about paying the going market price of $41.16/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2016 put at the $35 strike, which has a bid at the time of this writing of $2.05..