Commit To Purchase Avis Budget Group At $18, Earn 11.1% Using Options
May 27, 2016 at 11:51 AM EDT
Investors eyeing a purchase of Avis Budget Group Inc (CAR) stock, but cautious about paying the going market price of $28.75/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 $18 strike, which has a bid at the time of this writing of $2.00..