Agree To Purchase Pentair At $60, Earn 8.9% Annualized Using Options
August 24, 2016 at 11:43 AM EDT
Investors considering a purchase of Pentair PLC (PNR) stock, but cautious about paying the going market price of $64.43/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2017 put at the $60 strike, which has a bid at the time of this writing of $2.60..