Commit To Buy Wynn Resorts At $62.50, Earn 6.4% Using Options
October 20, 2016 at 11:43 AM EDT
Investors eyeing a purchase of Wynn Resorts Ltd (WYNN) shares, but tentative about paying the going market price of $95.96/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 $62.50 strike, which has a bid at the time of this writing of $4.00..