Commit To Buy Asbury Automotive Group At $45, Earn 9.5% Annualized Using Options
September 12, 2016 at 11:34 AM EDT
Investors considering a purchase of Asbury Automotive Group, Inc (ABG) stock, but cautious about paying the going market price of $53.62/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2017 put at the $45 strike, which has a bid at the time of this writing of $2.60..