Agree To Buy Seagate Technology At $20, Earn 10.8% Using Options
November 23, 2016 at 11:41 AM EST
Investors considering a purchase of Seagate Technology plc (STX) stock, but cautious about paying the going market price of $38.83/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $20 strike, which has a bid at the time of this writing of $2.16..