Commit To Purchase Hertz Global Holdings At $8, Earn 12.8% Annualized Using Options
June 21, 2016 at 11:42 AM EDT
Investors eyeing a purchase of Hertz Global Holdings Inc (HTZ) shares, but tentative about paying the going market price of $11.00/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 $8 strike, which has a bid at the time of this writing of 60 cents..