Commit To Buy Allegion At $65, Earn 9.7% Annualized Using Options
June 07, 2016 at 11:34 AM EDT
Investors eyeing a purchase of Allegion plc (ALLE) stock, but cautious about paying the going market price of $67.79/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $65 strike, which has a bid at the time of this writing of $1.75..