Commit To Buy Eagle Materials At $65, Earn 8.8% Annualized Using Options
June 16, 2016 at 11:49 AM EDT
Investors eyeing a purchase of Eagle Materials Inc (EXP) stock, but cautious about paying the going market price of $76.19/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 $65 strike, which has a bid at the time of this writing of $3.40..