Agree To Buy Microchip Technology At $50, Earn 5.8% Using Options
August 24, 2016 at 11:42 AM EDT
Investors eyeing a purchase of Microchip Technology Inc (MCHP) stock, but tentative about paying the going market price of $61.15/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $50 strike, which has a bid at the time of this writing of $2.90..