Commit To Buy Garmin At $25, Earn 6.6% Using Options
March 31, 2016 at 11:35 AM EDT
Investors considering a purchase of Garmin Ltd (GRMN) shares, but cautious about paying the going market price of $40.15/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $25 strike, which has a bid at the time of this writing of $1.65..