Commit To Buy Clorox At $120, Earn 4.7% Annualized Using Options
June 07, 2016 at 11:37 AM EDT
Investors considering a purchase of Clorox Co (CLX) shares, but tentative about paying the going market price of $129.57/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $120 strike, which has a bid at the time of this writing of $3.50..